Onyx Power Acquired By Power Distribution, Inc.
Onyx Power, Inc. a designer and manufacturer of custom power magnetics and power distribution equipment for the data center, telecommunications and alternative energy industries, has been acquired by Richmond, Virginia based Power Distribution, Inc. ("PDI"), a Bertram Capital company. Financial terms were not disclosed.
"PDI is the logical company for us to join forces with," said Onyx Power principal Jeff Wiederkehr. "We are looking forward to working with the team at PDI and are very excited about the many opportunities available to the combined entity."
"The addition of Onyx will strengthen our platform’s competitive positioning in the marketplace by giving us now a third manufacturing center located in California, complementing our Michigan and Virginia facilities," Bertram Capital Managing Director Jeff Drazan said. "It will provide enhanced customization capabilities, deeper design expertise, shorter lead times, enhanced logistics, and new product opportunities, making PDI the undisputed leader in the power distribution equipment industry."