MIDDLEBOROUGH, MA – Sager Electronics, a leading North American distributor of Interconnect, Electromechanical and Power components, today announced that it has entered into a purchase agreement to acquire PowerGate LLC, a premier North American power specialist distributor headquartered in Santa Clara, California.
Frank Flynn, President of Sager Electronics, stated, “PowerGate is a recognized power specialist with concentration in select North American markets. This acquisition advances one of our growth strategies and strengthens our position in the market as a power specialist. Sager Electronics will preserve and build upon PowerGate’s specialization by making significant investments in additional key markets and inventory in order to accelerate growth.”
“We are thrilled to become part of an organization that values and understands our business model,” said Paul Christiansen, President of PowerGate LLC. “My team and I are excited to join the Sager Electronics organization and have the opportunity to service more customers in power with leading edge technologies, technical sales expertise and field application engineering.”
Upon completion of the acquisition, Paul Christiansen will join Sager Electronics as Vice President Supplier Marketing and Product Management for Power. Ed Kramar, currently Vice President PowerGate LLC, will remain with the organization in an advisory capacity for a period of time. The acquisition is subject to customary closing conditions. The transaction is expected to close by June 30, 2014.
About Sager Electronics
Sager Electronics, a wholly owned subsidiary of TTI Inc., a Berkshire Hathaway Inc. company, is a North American distributor of Interconnect, Electromechanical and Power components from leading manufacturers worldwide. Grounded in over 125 years of innovation and service, Sager Electronics provides customers and suppliers a unique combination of operational excellence and innovative business solutions through its Distributing Confidence® business model. Headquartered in Middleborough, MA, Sager Electronics operates a national network of field sales representatives and strategically located service centers across North America.
To learn more about Sager, visit www.sager.com
About PowerGate LLC
POWERGATE LLC is a fast-growing, product focused distributor of AC/DC power supplies and DC/DC converters in North America supporting OEM requirements for IT, Medical and Industrial customers. PowerGate’s headquarters are located in Santa Clara, CA and has multiple sales offices across North America with an experienced, professional sales and applications team dedicated to power solutions. PowerGate believes in supporting a customer environment that is easy to work with, including an optimized website with full application tools for design engineers, a 400 page catalog, and an online ordering capability for prototype and preproduction needs with over 5,000 AC/DC & DC/DC power supply part numbers in stock.