Paramax advised the shareholders of Monroe Electronics, Inc. on the sale of its Electrostatic Business to Advanced Energy Industries, Inc., a public company traded on the Nasdaq Stock Exchange (Nasdaq: AEIS). Monroe Electronics, Inc., a privately held and family-owned company located in New York, has operated its Electrostatic business for over 50 years and is recognized as a worldwide leader in electrostatic detection and measurement instrumentation. Monroe’s Electrostatic Business is known as an industry leader in technology and quality, serving specific areas of testing and ongoing monitoring of ionization systems across a variety of applications. Advanced Energy, an international leader specializing in innovative power and control technologies, acquired Monroe’s Electrostatic Business as part of its strategy to expand their Specialty Power product portfolio. In addition, the non-contact electrostatic voltmeters and field meters highly complement those of Advanced Energy Industries subsidiary Trek.
