Sunbelt Transformer completed the acquisition of Solomon from Oaktree Capital Management.

Sunbelt Transformer, which provides electrical equipment, completed the acquisition of Solomon, which distributes electric products, from Oaktree Capital Management. Financial terms were not disclosed. The combined entity will address a critical segment of the electrical power equipment and services market, serving the transformer and related needs of commercial, industrial and electric utility customers throughout North America. As part of the transaction, Tom Smith, CEO of Sunbelt, has been appointed Chairman and CEO of the combined entity, with key leaders from both organizations remaining on board to guide the business’ next phase of growth. “Both Solomon and Sunbelt have strong legacies of providing best-in-class service and solutions to customers in different segments of the broader electrical products and services market, with nearly 50 and 40 years in business, respectively. The complementary nature of the two businesses will have a substantial and positive impact on their ability to provide new services and solutions to existing customers and expand their footprint to reach new customers,” Charles Fleischmann, Trilantic North America Partner.