Mill Point Capital Forms Voltaris Power LLC Through Two Power Solutions Corporate Carve-Outs
Summary
Including the two carve-outs that form Voltaris, Mill Point has completed 16 corporate divestitures, reflecting the firm’s expertise and experience in executing complex transactions. Voltaris will focus on providing custom engineered solutions and electrical products such as low- and medium-voltage switchgear, transformers, unit substations and automatic transfer switches, catering to a diverse global market. The combined product expertise and sales platforms of both businesses should give Voltaris a strategic marketing advantage, enabling the company to offer its high-quality power solutions to an even wider network of global industrial and commercial users. “Our partnership with experienced executives, including Justin Smith, Tom Klink and David Dolan, in our view will accelerate our transformation of Voltaris into a leading power solutions platform primed to capitalize on robust industry tailwinds.” “We are excited to bring these businesses together as Voltaris as it positions us for significant growth in the electrical infrastructure market, especially in the rapidly growing electric vehicle charging, microgrid and data center segments. Mill Point’s experienced team of investors, Executive Partners and Functional Experts seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements.