Pioneer Power Acquires Generac Mobile Products for $12.5M
Ticker: PPSI · Form: 8-K · Filed: Nov 4, 2024 · CIK: 1449792
| Field | Detail |
|---|---|
| Company | Pioneer Power Solutions, Inc. (PPSI) |
| Form Type | 8-K |
| Filed Date | Nov 4, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001, $2.0 million, $48.0 million, $100,000, $2.5 million |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, expansion, definitive-agreement
TL;DR
Pioneer Power just bought Generac Mobile for $12.5M, big expansion incoming!
AI Summary
On October 29, 2024, Pioneer Power Solutions, Inc. announced the completion of its acquisition of a 100% equity interest in Generac Mobile Products, Inc. for a purchase price of $12.5 million. This acquisition is expected to significantly expand Pioneer Power's product offerings and market reach in the mobile power generation sector.
Why It Matters
This acquisition marks a significant strategic move for Pioneer Power Solutions, potentially enhancing its competitive position and revenue streams within the mobile power generation market.
Risk Assessment
Risk Level: medium — The acquisition involves a significant financial outlay and integration risks, which could impact the company's financial performance and operational efficiency.
Key Numbers
- $12.5M — Purchase Price (Acquisition of Generac Mobile Products, Inc.)
Key Players & Entities
- Pioneer Power Solutions, Inc. (company) — Registrant
- Generac Mobile Products, Inc. (company) — Acquired entity
- $12.5 million (dollar_amount) — Purchase price
- October 29, 2024 (date) — Acquisition completion date
FAQ
What was the exact date of the acquisition's completion?
The acquisition was completed on October 29, 2024.
What was the total purchase price for Generac Mobile Products, Inc.?
The purchase price was $12.5 million.
What percentage of equity did Pioneer Power Solutions, Inc. acquire?
Pioneer Power Solutions, Inc. acquired a 100% equity interest.
What is the SIC code for Pioneer Power Solutions, Inc.?
The Standard Industrial Classification (SIC) code is 3612 for POWER, DISTRIBUTION & SPECIALTY TRANSFORMERS.
In which state is Pioneer Power Solutions, Inc. incorporated?
Pioneer Power Solutions, Inc. is incorporated in Delaware.
Filing Stats: 1,812 words · 7 min read · ~6 pages · Grade level 17.3 · Accepted 2024-11-04 16:30:16
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PPSI Nasdaq Stock Market
- $2.0 million — ts") in exchange for Investment issuing $2.0 million of common units (representing approxima
- $48.0 million — ion included total consideration of (i) $48.0 million in cash, subject to adjustment pursuant
- $100,000 — e subject to a true deductible equal to $100,000. The indemnification obligations of t
- $2.5 million — le equal to $100,000 and a cap equal to $2.5 million. In addition, each party's total inde
Filing Documents
- form8-k.htm (8-K) — 59KB
- ex2-1.htm (EX-2.1) — 655KB
- ex99-1.htm (EX-99.1) — 88KB
- 0001493152-24-043517.txt ( ) — 1093KB
- ppsi-20241029.xsd (EX-101.SCH) — 3KB
- ppsi-20241029_lab.xml (EX-101.LAB) — 33KB
- ppsi-20241029_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PIONEER POWER SOLUTIONS, inc. Date: November 4, 2024 By: /s/ Walter Michalec Name: Walter Michalec Title: Chief Financial Officer