by Rebecca Walker — October 12, 2008—Private equity firm Pfingsten Partners, L.L.C. has announced the acquisition of Technibus, a Canton, OH-based manufacturer of custom-engineered, metal enclosed bus duct solutions for the power generation, petrochemical, commercial and industrial markets.
The company’s products include bar type bus ducts capable of transmitting power from 600 to 38,000 volts.
Technibus sells its products primarily to major power equipment manufacturers, engineering construction firms, and power generation and petrochemical plants. Aided by strong demand drivers such as growing global power consumption and an aging power infrastructure, Pfingsten plans to continue to grow the business though a combination of targeted add-on acquisitions, product line extensions, international expansion, and greater penetration of existing market segments.
Technibus will remain headquartered in Canton, OH, and retain its 90-plus employees in the US. The Technibus management team, led by President and CEO Bob Rohr, will remain in its current role. For more information, see the Pfingsten Partners Web site.
