Power Solutions to merge with Magna IV Engineering.

Power Solutions, an engineering services provider, agreed to merge with Magna IV Engineering, a power and automation solutions provider. Both companies are backed by investment firm Copley Equity. Financial terms were not disclosed. “Copley is excited to merge two leading NETA accredited firms to strengthen the platform’s technical capabilities. Combining Magna IV and Power Solutions’ expertise and broad geographic presence will create a one-stop power solutions provider for our customers. We look forward to supporting and accelerating Magna IV and Power Solutions’ growth plan both organically and through acquisitions," Andy Miller, Copley Equity Partners Managing Director.