Orange County, CA, September 5, 2017 – Plethora Businesses announced today that it acted as the exclusive financial advisor representing Vanguard Instruments (www.vanguard-instruments.com) in the sale of its assets to ESCO Technologies, Inc (NYSE: ESE).
Vanguard is a premier test equipment provider serving the global electric utility market. Founded in 1991, the Company designs, develops and manufactures a comprehensive offering of innovative test equipment which enhances the ability of electric utilities to accurately measure the health of critical power transformers and circuit breakers. Today, Vanguard’s instruments are sold in more than 90 countries mostly to electrical utilities that own and operate power transmission assets. Vanguard’s products are world renowned for their quality, reliability and cutting edge technology.
The business, located in Ontario, California, will operate from its current location as a product line of Doble Engineering as part of ESCO’s Utilities Solutions Group (USG) operating segment.
Hai Nguyen, Vanguard’s founder and president, commented, “Vanguard’s primary goal has always been to provide electric power professionals with the industry’s most reputable offering of test equipment that is rugged, reliable, accurate and user friendly. Combining our resources with Doble provides an industry-leading portfolio of transformer and circuit breaker test equipment to ensure grid reliability and enhance the safe delivery of electric power to customers worldwide. On behalf of our entire team, we are thrilled to join the Doble community.”
“We have worked with and consulted for Mr. Nguyen for many years and are pleased to have been a part of this transaction”, says Robert Fahrenhorst, Managing Director at Plethora Businesses. “Hai has built an impressive business that, in many ways, competes with the largest test and measurement Companies in the world. We are pleased with the results we have achieved for our client and the opportunity this acquisition presents for both Companies.”
The terms of the transaction were not disclosed.
Deal Team Member Contacts:
George Lanza, President
Robert Fahrenhorst, Managing Director
Andy Do, Associate
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