By Generational EquityOct 18, 2017, 04:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale by its client, Power Sources Unlimited Inc. (PSUI), of PSUI's distribution and supply business to Sager Electronics. The acquisition closed October 2, 2017.
Power Sources Unlimited, headquartered in Wrentham, Massachusetts, is a specialty distributor of power conversion products. It is an ISO 9001:2008 authorized stocking distributor in North America for AC-DC power supplies, DC-DC converters, DC UPS, industrial power, medical power, LED power, green power and telecom/wireless power for small, medium and large quantity OEM customers.
PSUI Owner and Founder Ray Newby and his inside technical sales team will now join Sager Electronics.
"PSUI has established a niche in power supply distribution, but the opportunity to bring our technical sales expertise to a broader scope of customers couldn't be ignored," said Newby.
"The PSUI team is excited to join Sager Electronics and support its efforts to expand its specialized group, Sager Power Systems."
Sager Electronics, based in Middleborough, Massachusetts, is a leading North American distributor of interconnect, power and electromechanical components and provider of value-add solutions. It is a wholly owned subsidiary of TTI Inc., a Berkshire Hathaway Inc. company.
Sager operates a national network of field sales representatives and power systems sales engineers, strategically located service centers across North America, and a value-add power solutions center located in Carrollton, Texas.
"PSUI is a small, but strong player in power supplies in North America with a well-established presence in the Northeast," said Sager President Frank Flynn. "This acquisition furthers our specialization in power by strengthening our technical expertise and enhancing our depth with our power supply manufacturers in common."
Generational Equity Managing Director Doug Smith's team, led by affiliate Ahmad Behjati with support from Generational Equity VP Ryan Johnson, successfully closed the deal. Bill Kushnir, Generational Equity Executive Managing Director, established the initial relationship with Power Sources Unlimited.
"It was a great pleasure to work with both PSUI and Sager, the leadership of both companies understand the value of Client and Human Resources," said Behjati.
"Sager is a great home for PSUI's distribution and supply business and its employees, suppliers and clients. I believe we found a right home for PSUI's business and its team."
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