ELSCO Transformers

Cincinnati, Ohio

Classification

Private

About

About

ELSCO Transformers, originally known as the Electric Service Company, is an electrical equipment manufacturing and service company founded in 1912 by a team of former Westinghouse engineers led by John F. Shoemaker. Headquartered in Cincinnati, Ohio, the company established the first independent transformer repair facility in the United States to service Westinghouse units. After decades of operating primarily in repair and rewinding, ELSCO began manufacturing its own proprietary line of dry-type transformers in 1988. The company is currently led by President and CEO Todd Benadum and Alan Ober, Vice President of Manufacturing and Engineering. Business/Product Breakdown ELSCO Transformers specializes in the design, manufacturing, and repair of medium-voltage electrical transformers, serving utility, industrial, and commercial sectors. The company's primary manufacturing focus is on new dry-type transformers, ranging from 500 to 2,500 kVA, which are engineered with copper windings and high-grade Nomex insulation to ensure fire safety in indoor environments. Its product catalog also includes oil-filled padmount units, unit substation transformers, and station-type transformers. A core component of ELSCO's operations is its "quick ship" and emergency replacement service, which dispatches in-stock units within 24 to 48 hours to minimize facility downtime. Beyond manufacturing, the company provides technical services such as custom bus work, retrofitting new units into existing enclosures, transformer rewinding, and the sale of certified pre-owned or refurbished units. These solutions are designed to support critical infrastructure in facilities such as hospitals, universities, data centers, and manufacturing plants.

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private