BIRMINGHAM, Ala.  (October 8, 2026) – Founders is pleased to announce that Pioneer Power Group (“Pioneer” or the “Company”) has been acquired by Fusion Capital Partners (“Fusion”). Pioneer Power Group was exclusively advised by principals of Founders Advisors, LLC in this transaction.

Pioneer Power Group is a nationwide provider of electrical system studies, including arc flash analysis, short circuit studies, and protective device coordination. The Company combines specialized engineering expertise with responsive service to help customers improve the safety, reliability, and performance of their electrical infrastructure. Pioneer supports projects across a broad range of end markets, including data centers, healthcare, industrial, commercial, and government facilities.  

Shreedhar Shah, CEO of Pioneer Power Group, commented, “From the outset, the Founders team took the time to understand our business, our people, and what we wanted in a long-term partner. Their guidance and commitment throughout the process helped us find a partner that shares our vision for Pioneer’s future. We’re excited to work with Fusion as we build on the strengths of our team and continue delivering the expertise and service our customers depend on.” 

“Pioneer Power Group has built an exceptional business by combining deep technical expertise with a commitment to making electrical system studies a seamless experience for its customers,” said Evan Klisares, Managing Director at Founders Advisors. “We are proud to have worked alongside Shreedhar and the Pioneer team throughout this process and believe Fusion’s collaborative approach and focus on growth make it a strong partner for the Company’s next chapter.” 

About Pioneer Power Group
With offices outside Washington, DC and Pittsburgh, PA, Pioneer Power Group provides electrical system studies for customers throughout the United States. Its services include arc flash analysis, short circuit and coordination studies, load flow and voltage drop analysis, and motor starting analysis. The Company helps customers protect personnel and equipment, improve system reliability, and meet electrical safety requirements. https://www.pioneerpwr.com/ 

About Fusion Capital Partners
Fusion Capital Partners is a private equity firm based in Los Angeles that invests in engineered products and essential services businesses serving commercial and industrial markets across North America. The firm works closely with management teams to support long-term growth through organic initiatives and strategic acquisitions, emphasizing collaboration, operational support, and shared success. https://www.fcpartners.com/