Power Solutions International acquires PPPI

  • Apr 2014
  • Industrial
  • M&A: Sell-Side
  • US

Livingstone’s Industrial sector team is pleased to announce the sale of Professional Power Products, Inc., to Power Solutions International Inc. PSI has acquired PPPI for an initial cash purchase price of $46m plus between $5m and $15m in PSI common stock based upon PPPI’s 2014 results.

Headquartered in Darien, Wisconsin, PPPI designs, engineers, and manufactures electrical power generation equipment for the global diesel and natural gas generator market.

The Company’s product portfolio includes integrated power generator set systems, switchgear, control panels, load banks, mobile power trailers and UL tanks. PSI is a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems. PSI provides integrated turnkey solutions to leading global original equipment manufacturers in the industrial and on-road markets.

“PPPI has established a superior reputation manufacturing engineered diesel and natural gas generator set systems for global power systems OEMs, and provides a strategic product line addition and capacity set to PSI.” commented PPPI COO Ken Trent. “Livingstone’s grasp of PPPI’s business model, sector knowledge and deal acumen were critical to delivering a successful transaction outcome.”

“We are delighted with the acquisition of PPPI and the tremendous opportunity it presents us,” stated Gary Winemaster, Chairman and CEO of PSI. “PPPI brings us a talented management team and a strong complementary product offering. This, along with PSI’s expertise in power systems technology and extensive customer relationships will expand our customer reach and position us very well for growth in the years ahead.”

“The Trent family has built PPPI into a premier manufacturer of standby and prime power generation system solutions serving customers on a global basis,” said Director at Livingstone Chicago Karl Freimuth. “We are delighted to have helped PPPI find the right long-term partner in PSI, and to close another successful sale of a specialised niche manufacturer to a global acquirer.”

The PPPI transaction adds to Livingstone’s global Industrial team’s growing track record of deals with prominent strategic acquirers including Top-Werk GmbH, Babcock International, Nalco-Mobotec LLC and Manutan Group.

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