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Pioneer Power Solutions Acquires Pico Electrical Equipment

Pioneer Power Solutions, Inc., Fort Lee, N.J.-based manufacturer of specialty electrical transmission and distribution equipment for the utility, industrial and commercial markets, announced the acquisition of select assets from Pico Electrical Equipment, Inc. and Pico Metal Products, Inc. Those operations will be integrated into a new business, Pioneer Custom Electrical Products Corp.

Pico, a manufacturer of low voltage switchboards, panelboards and custom electrical enclosures, is based in the greater Los Angeles metro area and primarily serves the Southern California market from its 40,000 square foot facility. Pioneer has retained Pico's existing 14 employees and has commitments from an additional six professionals who are expected to augment the unit's selling, engineering and manufacturing activities, Pioneer Power said in a release announcing the deal.

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