Morgenthaler Private Equity (MPE), the Cleveland and Boston-based private equity team focused on lower middle market buyouts, has completed the sale of Avtron Loadbank, a designer and manufacturer of power integrity test and measurement devices, to Emerson.
The Company’s load bank technologies test and validate the quality and integrity of power sources, such as primary and standby generators and uninterruptible power supplies, in critical applications such as data centres, hospitals, airports, telecommunications, commercial and industrial buildings, and water and wastewater utilities.
Terms of the transaction have not been disclosed.
Jeff Gwinnell, President and Chief Executive Officer of Avtron Loadbank, says: "The combination of Avtron Loadbank with Emerson represents an exciting opportunity for growth. With the acquisition of Froment in 2010, Avtron Loadbank solidified its position as the clear global leader in load banks, and as part of Emerson we see terrific potential to further broaden our customer base and geographic reach. The entire senior management team at Avtron Loadbank thanks Morgenthaler for their constructive support over the course of our successful partnership."
