Mirus International Inc.
Electro-Mechanical, LLC, a portfolio company of Graycliff Partners, has acquired Mirus International Inc.
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Electro-Mechanical, LLC. a portfolio company of Graycliff Partners, has acquired Mirus International Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Mirus International Inc. in structuring and negotiating this transaction.
Transaction Brief
Electro-Mechanical is a Bristol, Virginia-based manufacturer of engineered electrical equipment sold into utility and industrial end markets. Founded in 1958 by Frank Leonard and purchased by Graycliff Partners LP in 2021, Electro-Mechanical serves the market under two different brands, Federal Pacific and Line Power.
Mirus International Inc. designs and develops world-class power quality improvement products for mission-critical operations. Its specialized product line includes highly efficient harmonic filters, transformers, autotransformers, and data center power distribution equipment. Headquartered in Bampton, Ontario, Mirus’ solutions minimize disruption to the power supply, improve reliability and adhere to the strictest of regulatory requirements while also saving energy and reducing operating costs.
Acquiring Mirus International will enable Electro-Mechanical to offer its customers additional solutions for their power distribution needs. The addition of the Mirus product line and strong engineering capabilities of the Mirus team will further Electro-Mechanical’s value to its customers and partners.