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Reynolds Advisory Partners acts as exclusive financial advisor to Mitsubishi Electric on its purchase of Smarter Grid Solutions

LOS ANGELES, California — Reynolds Advisory Partners, LLC (“RAP” or “Reynolds”) acted as the exclusive financial advisor to Mitsubishi Electric Power Products, Inc. (“MEPPI”) of Warrendale, Pennsylvania and its parent company Mitsubishi Electric Corporation (“MELCO”) of Tokyo, Japan on their acquisition of Smarter Grid Solutions (“SGS”) of Glasgow, Scotland, United Kingdom. MELCO and MEPPI announced the definitive agreement to acquire SGS on August 9, 2021, and the transaction closed on August 19, 2021. Financial terms of the transaction were not disclosed.