North American distributor of IE&P components Sager Electronics, has entered into a purchase agreement to acquire PowerGate LLC North American power specialist distributor headquartered in Santa Clara CA.
“PowerGate is a recognized power specialist with concentration in select North American markets.,” says Sager president Frank Flynn. “This acquisition advances one of our growth strategies and strengthens our position in the market as a power specialist. Sager will preserve and build upon PowerGate’s specialization by making significant investments in additional key markets and inventory in order to accelerate growth.”
Paul Christiansen, president of PowerGate LLC added, “We are thrilled to become part of an organization that values and understands our business model. 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, 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.