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New Deal


Announced

Completed

Advanced Energy completed the acquisition of SL Power from Steel Partners for $144m.

Financials

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Transaction Value£110m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

customized power solutions

Friendly

Domestic

Electronic Components and Equipment

United States

Acquisition

Single Bidder

Majority

Completed

Synopsis

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Advanced Energy, a provider of highly engineered, precision power conversion, measurement and control solutions, completed the acquisition of SL Power, a provider of customized power solutions, from Steel Partners, a global diversified holding company, for $144m. "The addition of SL Power expands our offerings for industrial and medical applications. I believe SL Power’s strong customer base, complementary product portfolio, and highly skilled team make it an ideal fit for Advanced Energy," Steve Kelley, Advanced Energy President and CEO.

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