Sunbelt Transformer merges with Solomon Corporation
Founded in 1971, Solomon Corporation provides refurbishment, repair and salvage services for electrical transformers and other electrical equipment. Through its seven locations, the company serves municipalities, rural electric cooperatives, investor-owned utilities and industrial end users.
Sunbelt Transformer was founded in 1981 and operates through eleven locations nationwide. The company provides timely, flexible and customized equipment solutions, including new, remanufactured and rental product offerings, and associated technical testing, repair, maintenance and installation services.
The combined entity will address a critical segment of the electrical power equipment and services market, serving the transformer and related needs of commercial, industrial and electric utilities customers throughout North America.
As a financial advisor to Trilantic North America, Lincoln International provided advisory expertise in the valuation and negotiation phases of the transaction. Terms of the transaction were not disclosed.
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