Marsons Limited and Cleanhill Partners Form Joint Venture for North American Transformer Market
Power transformer manufacturer Marsons Limited has announced a joint venture with New York-based PE firm Cleanhill Partners. The collaboration aims to expand transformer distribution, service, and manufacturing operations across the US and Canada.
The partnership seeks to alleviate a critical transformer supply shortage in North America, where equipment lead times currently exceed 24 months. This shortage is attributed to increased demand from grid modernizations, renewable energy projects, and data center power requirements.
The joint venture will integrate Marsons' manufacturing capabilities with Cleanhill's capital and project network. A long-term objective includes establishing full-scale transformer manufacturing facilities within North America.
Marsons operates a 45,000 square-meter plant with an annual capacity of 12,000 mega-volt-amperes (MVA), which is set to expand to 26,000 MVA. The company is currently fulfilling equipment supply orders up to 200 MVA for utility-scale projects in the US.