Mill Point Capital to acquire the power transformer divisions of Pioneer PowerSolutions for $66m.

\Mill Point Capital, a private equity firm focused on middle-market investments in North American industrial and business services companies, to acquire the power transformer divisions of Pioneer PowerSolutions for $66m. “The North American power grid requires significant investment in both new capacity and replacement units to keep pace with ever increasing electrical demand. Given Pioneer’s strong market position and reputation for providing reliable custom-engineered power transformer solutions, we are confident that the Company will capitalize on these favorable industry tailwinds as a standalone entity. We are excited to partner with the management team and welcome Pioneer Transformers to the Mill Point family.” Dustin Smith, Mill Point Partner.