Coral Springs, Florida – Unipower LLC (“Unipower”), a JMC Capital Partners (“JMC”) portfolio company, has acquired the Network Power Systems Division (“Bel NPS”) of Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB).
Headquartered in Jersey City, NJ, Bel NPS specializes in high quality, advanced technology DC power systems for use in networking, telecommunications and high-speed data transmission. It was acquired by Bel Fuse Inc. as part of its purchase of Power Solutions from ABB in June 2014.
John Heindel (CEO of Unipower) commented, “We are excited to have the opportunity to leverage Unipower’s capability with NPS’ state-of-the-art products to offer innovative solutions to discerning customers throughout the world.”
Michael A. D’Amelio (Managing Partner of JMC Capital Partners) stated, “We believe that the acquisition of the Bel Fuse Network Power Systems business in addition to the recent acquisition of the C&D Integrated Power Systems business will position Unipower as a world-class supplier of DC power systems.”
About Unipower
UNIPOWER has been providing best-in-class Power Solutions for Networking/Telecom and highly demanding Industrial applications for more than twenty-five (25) years.
About Bel Fuse Inc.
Bel (www.belfuse.com) and its divisions are primarily engaged in the design, manufacture, and sale of products used in aerospace, data transmission, military, transportation and consumer electronics.
About JMC
Founded in 1999, JMC has developed a proven track record of returns through the execution of their industrial platform strategy. Additional information concerning JMC’s investment strategy, leadership team, and portfolio investments may be found at www.jmccp.com.