Deal Snapshot
SUNBELT TRANSFORMER MERGES WITH SOLOMON TO SERVE TRANSFORMER NEEDS OF NORTH AMERICAN CUSTOMERS
Wednesday 03 July 2019

Kansas, US-based Solomon Corp., a provider of refurbishment, repair and salvage services for electrical transformers and related electrical equipment has merged with electrical power and distribution equipment provider Sunbelt Transformer, based in Texas and Pennsylvania, the company said.
Sunbelt received a strategic investment from private equity firm Trilantic North America in May 2018. Solomon was formerly a portfolio company of funds managed by the GFI Energy Group of Oaktree Capital Management, L.P.


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Details
Date Published: 03/07/2019
Target: Solomon Corp
Country: USA
Sector: Utilities
Type: LBO
Status: Closed
Vendor: GFI Energy Group
Buyer: Sunbelt Transformer
Buyer Advisor: Gibson, Dunn and Crutcher , Lincoln International
Comment:
Terms of the deal were not disclosed

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