Grand Transformers Inc. in Grand Haven acquired Warner, N.H.-based Warner Power, a designer and manufacturer of electrical transformers and power systems.
The acquisition gives Grand Transformers, owned by Grand Rapids-based private equity firm Blackford Capital, access to new customers, and additional technical capabilities and industries, according to a statement announcing the deal.
“Warner is a recognized leader in the industry for providing highly technical and reliable electrical power products that allow system owners to precisely control complex, mission critical industrial processes that meet stringent and time-sensitive production goals,” said Jeff Helminski, chairman of the board of Grand Transformers and managing director at Blackford Capital. “The acquisition of Warner adds significant technical capabilities to GTI, thereby expanding our ability to serve our existing customers’ needs in the medium voltage market and in liquid-cooled transformer applications.”
Blackford Capital acquired Grand Transformers in February 2014.