Mill Point Capital LLC announced the creation of Voltaris Power LLC, a power solutions platform formed through the acquisition of Pioneer Custom Electrical Products (PCEP) and Jefferson Electric. These strategic acquisitions unite expertise in low- and medium-voltage transformers, switchgear, and custom electrical components, positioning Voltaris for growth in the energy and infrastructure sectors.

Voltaris Power LLC will cater to the global demand for custom-engineered electrical solutions, offering a comprehensive range of products including low- and medium-voltage transformers, switchgear, and automatic transfer switches. Mark Paolano, Partner at Mill Point Capital, noted that bringing these two entities together would leverage combined capabilities, especially in growing segments like electric vehicle charging, microgrids, and data centers. Justin Smith, Executive Chairman of Voltaris, highlighted the leadership team's depth of experience, expecting it to drive operational synergies and growth across Voltaris' target markets.

Pioneer Custom Electrical Products brings its expertise in grid solutions, including its E-Bloc system, tailored for high-demand applications in electric vehicle charging and solar development. Jefferson Electric, a century-old transformer manufacturer known for dry-type transformers used in commercial and industrial sectors, is seen as a cornerstone addition that enhances Voltaris' product portfolio and market reach.

Brandon Sarno, Vice President at Mill Point Capital, emphasized Jefferson's value in solidifying Voltaris' role as a comprehensive provider in the electrical power market, particularly for its transformer offerings across diverse sectors.