Athens, GA – November 17, 2020
Pioneer Transformers L.P., a portfolio company of Mill Point Capital, announced it is rebranding as Spire Power Solutions L.P. (“Spire”), an industry leader providing a comprehensive range of transformers solutions across North America.
With five locations across North America, Spire operates three subsidiaries – including Pioneer Transformers in Granby, Quebec; Power Partners, and Jefferson Electric, both in Athens, Georgia; bringing together a complete product offering for utility, renewable energy, public power, commercial, and industrial markets.
“Our new brand combines our existing strengths to provide customers more value,” said Justin Smith, Spire CEO. “With a new identity and website, we now have the platform to share our full suite of solutions – and set ourselves apart from the competition.”
Spire was originally formed during Mill Point Capital’s acquisition of Pioneer Transformers and Jefferson Electric in August 2019. Known then as Pioneer Transformers L.P., the company acquired Power Partners in November 2019.
“We are thrilled to announce this new brand – and to leverage it for the benefit of our customers, employees, and other partners,” said Antony Besso, Executive Chairman of Spire and Executive Partner at Mill Point Capital. “This new chapter reflects our ongoing investment into industry growth and innovation.”
About Spire Power Solutions L.P.
Spire brings together a wide range of transformers and power solutions to serve utility, renewable energy, public power, commercial, and industrial markets across North America. With rapid response times and over 100 years of operations and engineering expertise, Spire delivers a complete range of proven products, services, and support tailored for customers’ success. For more information, please visit www.SpirePowerSolutions.com
About Mill Point Capital LLC
Mill Point Capital LLC is an operationally-focused private equity firm primarily targeting control buyouts and corporate carve-outs in lower-middle market businesses, with a focus on industrial, business services and IT services companies in North America. Mill Point’s experienced team of investors and Executive Partners seeks to enhance the value of portfolio companies by executing transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com