Vitrek, a portfolio company of Branford Castle Partners, has acquired XiTRON Technologies, a provider of precision power test and measurement equipment for industrial and consumer product development and manufacturing. No financial terms were disclosed.
NEW YORK, Nov. 9, 2018 /PRNewswire/ — Branford Castle Partners, the New York private equity firm, today announced that through its portfolio company, Vitrek, it has purchased XiTRON Technologies, a recognized source of precision power test and measurement equipment for industrial and consumer product development and manufacturing. The acquisition will be a bolt-on to Vitrek’s line of high voltage test and measurement equipment.
The XiTRON product line includes power analyzers, which complement Vitrek’s offerings, as well as programmable DC electronic loads, power quality analyzers, portable calibration equipment, digital milliohmmeters and phase angle voltmeters.
“Acquisition of the XiTRON Technologies brand and its products is a vital component of our expansion strategy,” said Don Millstein, Vitrek’s President. “These two companies, each founded in 1990 in San Diego County, share a heritage of excellence in power measurement and analysis.”
“The acquisition broadens Vitrek’s power analyzer portfolio; adds a range of complementary products; expands the customer base with limited overlap and adds domestic and international representation and distribution channels,” said David Castle, managing partner of Branford Castle Partners.
Terms of the transaction were not disclosed.
Since 1990, Vitrek has provided innovative global solutions for high voltage test and measurement including electrical safety compliance testers, multi-point high-voltage switching systems and graphical power analyzers. Vitrek also supplies precision high voltage measurement standards to national laboratories and calibration labs around the world. This unique combination of capabilities positions Vitrek as a leading provider of test solutions serving the photovoltaic, medical equipment, power conversion, electrical component and appliance industries.
About Branford Castle Partners (http://www.branfordcastle.com/)
Branford Castle Partners is a private market investor focusing on lower-middle-market investments, with a history of more than 30 years helping businesses grow. The firm typically makes control investments in companies with less than $15 million of EBITDA and a leadership position in a niche industry. Branford is particularly keen on the strong relationships it develops with its portfolio company managers. Branford has particular expertise in consumer products and services, commercial distribution, industrials/specialty manufacturing, business services and logistics.
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