Mill Point Capital LLC (“Mill Point”), a middle-market private equity firm focused on control investments in the Business Services, Industrials and IT Services sectors throughout North America, announced the completion of a recapitalization of its portfolio company Voltaris Power LLC (“Voltaris” or the “Company”), an electrical power solutions platform based in Santa Fe Springs, California. Voltaris was formed through the carve-out transactions of Pioneer Custom Electrical Products (“PCEP”) and Jefferson Electric (“Jefferson”). Including Voltaris, Mill Point has completed 17 corporate carve-outs, underscoring its expertise in executing complex transactions.

Voltaris delivers custom-engineered electrical power solutions, including low- and medium-voltage switchgear, low- and medium-voltage dry-type transformers, unit substations, integrated power centers and related products. The Company serves a diverse North American customer base with particularly strong exposure to high-growth sectors such as data centers, renewable energy and electric vehicle charging / battery storage, among others. By combining the product expertise and sales reach of PCEP and Jefferson, Voltaris has created a differentiated platform capable of supporting a wide range of industries, product environments and applications. Rising electricity consumption, grid modernization, renewable energy transition and the rapid growth of AI and cloud workloads are fueling sustained demand, and with decades of engineering experience and a comprehensive product portfolio, Voltaris is well positioned to capitalize on these powerful market tailwinds.

Since its formation, Voltaris has made significant progress integrating PCEP and Jefferson while executing upon its value creation plan. Key initiatives include strategic investments in technology and personnel, enhancements to operations across procurement, KPI tracking and project management, each of which is designed to improve efficiency and shorten lead times. These efforts have driven strong financial performance and contributed to a record backlog, with particularly strong traction in the data center sector. To support accelerating demand, Voltaris has expanded its manufacturing footprint with new facilities in Goodyear, Arizona and Mexicali, Mexico. These facilities have significantly increased capacity across the company’s core end-markets.

“We are pleased to announce the recapitalization of Voltaris, which reflects both the Company’s strong performance to date and its positioning to capture accelerating demand across data centers, renewable energy, microgrids and other key end-markets,” said Mark Paolano, Partner at Mill Point.

“Our partnership with Justin Smith (CEO) and Dane Werley (CFO) has been instrumental in Voltaris’s success. Under their leadership, the Company has integrated two carve-out businesses, improved operational output and established a strong foundation for sustainable growth. This recapitalization both recognizes their achievements and highlights our confidence in Voltaris’s ability to execute on the next phase of its growth strategy,” added Brandon Sarno, Principal at Mill Point.

About Voltaris Power LLC

Voltaris Power LLC is a leading provider of power solutions, offering a comprehensive range of electrical products, including dry-type transformers, switchgear and custom electrical components. Formed through the strategic acquisitions of Pioneer Custom Electrical Products and Jefferson Electric, Voltaris serves industrial and commercial customers across various sectors. The company is committed to innovation, quality and customer-centric solutions, leveraging decades of industry expertise to meet the evolving needs of the global energy market. Voltaris is backed by Mill Point Capital, a New York-based private equity firm focused on control investments in lower-middle market companies. For more information, please visit www.voltarispower.com.

About Mill Point Capital LLC

Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the Business Services, Industrials and IT Services sectors throughout North America. Mill Point’s experienced team of investment professionals, Executive Partners and Functional Experts seeks portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.

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