Hidden Harbor Capital Partners has sold Avtron Power Solutions to Legrand

Avtron Power Solutions

Avtron Power Solutions is the leading global provider of load bank and power quality solutions that serve a wide range of high-growth markets where reliable delivery of power is required. Headquartered in Cleveland, Ohio, with additional manufacturing facilities in Europe and North America, Avtron offers a comprehensive range of products and services tailored to end markets such as data centers, renewable energy, healthcare facilities, industrial manufacturing and other critical infrastructure. The company is renowned for its innovative engineering capabilities, particularly in developing liquid-cooled load banks and advanced control technologies. Avtron’s strategic focus on customer service, technical expertise and customization has established it as a preferred supplier for a diverse blue-chip customer base. Avtron’s attractive growth and margin profile are aligned with the megatrends driving the global digital infrastructure buildout and AI race.

The Deal

In partnership with Hidden Harbor, Avtron experienced rapid organic growth reflecting the company’s investment in enhancing its manufacturing capabilities, liquid-cooled load bank product development and geographic expansion. Hidden Harbor and Avtron entrusted Lincoln given its experience in the energy, power & infrastructure market and the depth of its buyer relationships. The transaction had an initial enterprise value of $1.125 billion.

Our Perspective

Sean Bennis and Andrew Moen, Lincoln International Managing Directors, commented, “Avtron stands out as an innovative leader in load bank technology, which is critical for supporting the extensive digital infrastructure development globally. We have truly enjoyed partnering with Hidden Harbor and the Avtron team.”

Hidden Harbor Capital Partners

Hidden Harbor Capital Partners is a private equity firm that helps create business success stories by building teams focused on execution. Hidden Harbor builds great companies with a strong group of people at its foundation and an intense focus on executing a small set of well-defined objectives to drive success. Hidden Harbor currently has assets under management of more than $2 billion and is investing out of its third fund, a $825 million vehicle. To learn more, visit www.hh-cp.com.

Legrand SA

Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial and datacenter markets makes it a benchmark for customers worldwide. Legrand harnesses technological and societal trends that have lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. For more information, visit www.legrand.us.

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