| Powervar Acquires Oneac |
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The POWERVAR and ONEAC acquisition united two industry leaders which will capitalize on the high growth power quality industry. Both companies continually strive to be a leader in developing power quality solutions which maximize system reliability and productivity for mission critical applications. The combined company will now offer a more comprehensive power quality solution and will better serve the customers.
Since 1986, POWERVAR has become a global manufacturer and distributor of branded and private label electrical power conditioning equipment for the medical, retail point-of-sale, industrial and other vertical markets. These products include transformer-based isolated power conditioners and uninterruptible power supplies (UPS) which solves power quality problems within mission critical applications . |
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| The POWERVAR – ONEAC Difference |
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| CHICAGO, IL - September 9, 2011 - Private equity firm Pfingsten Partners, LLC announces that its portfolio company, POWERVAR Holdings, LLC ("POWERVAR"), has acquired the stock of ONEAC Corporation ("ONEAC"), a business of Emerson. Based in Libertyville, IL, ONEAC is a designer and manufacturer of power quality products which provides the highest level of power conditioning and protection against line disturbances and outages ."The combination of POWERVAR and ONEAC will allow us to leverage our strengths in the core markets we serve and provide for expansion opportunities into the telecom and connectivity markets," said George Lannert, President and CEO of POWERVAR. "We continually strive to be a leader in developing power quality solutions that maximize system reliability and productivity for mission
critical applications. |
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