Phenix Technologies, Inc., a leading designer and manufacturer of stationary and portable high voltage, high current, high power test systems, components and solutions, has been sold to ESCO Technologies Inc. (NYSE: ESE).
Phenix serves the electric industry, high voltage test laboratories, and field service organizations world-wide. Phenix carries a strong brand name with industry-wide recognition along with a reputation for providing world-class customer service. Its wide breadth of product offerings include resonant, transformer, and motor test systems, AC and DC dielectric high potential test systems, and cable testing equipment.
Headquartered in Accident, Maryland, Phenix provides products and services in more than 110 countries, with nearly 45 percent of its revenues generated outside of North America, which creates an additional international growth platform for ESCO’s Utility Solutions Group (USG) and supplements USG’s existing products and solutions.
ESCO, headquartered in St. Louis, Missouri: Manufactures highly-engineered filtration and fluid control products for the aviation, Navy, space and process markets worldwide, as well as composite-based products and solutions for Navy, defense and industrial customers; is the industry leader in RF shielding and EMC test products; and provides diagnostic instruments, software and services for the benefit of industrial power users and the electric utility and renewable energy industries.
EC M&A acted as exclusive financial advisor to Phenix on this transaction.