Pfingsten Partners has acquired Dynapower Company, a designer and manufacturer of custom, high power AC and DC power supplies. Pfingsten acquired the company in partnership with management on December 28, 2012, marking the twelfth platform investment for Pfingsten’s $525 million Fund IV.
“Dynapower is uniquely positioned to capitalize on smart grid energy storage adoption as well as increase market share in its core power supply end markets both domestically and internationally,” said John Underwood, Senior Managing Director, Pfingsten. “We are excited about the opportunity to partner with Dynapower management and assist in further growth.”
Dynapower Company is a designer and manufacturer of custom, high power AC and DC power supplies, energy management systems and power transformers for the mining, metal finishing, electrochemical, military and energy management end markets. Products include power transformers, rectifiers and bi-directional inverters that convert electricity between AC and DC. The company was founded in 1968 and is based in South Burlington, VT (www.dynapower.com).
“Dynapower has grown into a leading manufacturer of high power supplies and energy management systems with a strong focus and commitment to deliver outstanding, highly engineered products to our customers,” said Dynapower President and CEO, Peter Pollak. “Pfingsten will provide the operational expertise and financial support needed to accelerate our growth.”
Pfingsten Partners invests in middle market manufacturing, distribution and business services companies. Since completing its first investment in 1991, Pfingsten Partners has acquired 88 manufacturing, distribution, and business service companies and has over $1 billion of capital under management. The firm is based in Chicago and has offices in Changan, China and New Delhi, India (www.pfingsten.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-14-13