Massachusetts-based interconnect, power, and electromechanical components distributor Sager Electronics has entered an agreement to acquire Texas-based Norvell Electronics, which specializes in design and manufacturing capabilities. Norvell will become part of Sager Power Systems, a specialized group within Sager.
“Our acquisition of Norvell further accelerates our power growth strategy,” said Frank Flynn, president of Sager. “The key aspect of this acquisition is Norvell’s value-added capability, which is central to our strategy and continued growth with customers and suppliers. Sager Power Systems now has the people, the lines, the inventory, and the value-added capability to fulfill our vision of being a market leading power distributor.”
Sager is part of the Berkshire Hathaway family of companies, which also includes distributors TTI, Inc. and Mouser Electronics.
“The Norvell team is excited to join the Berkshire Hathaway family of companies as part of Sager Electronics and its specialized group, Sager Power Systems. We see a great opportunity to offer our expertise on a much larger scale, with access to more customers who require value-add solutions,” said Chris Tvrdik, president of Norvell Electronics. “We look forward to joining a company with a world-class power line card and dedicated technical resources serving power customers, with the vision and commitment to being a leader in the power space.”
Tvrdik will join Sager Electronics as vice president, value added sales and service. Norvell Chairman A.W. Tvrdik will retire upon completion of the acquisition, which is expected to take place by July 6.