Acquisition Announcement

Trafford, PA – May 24, 2016 – Cleaveland/Price announces that they have come to an agreement for acquisition of Reliatronics Inc., of Johnson City, TX. Reliatronics is a designer and manufacturer of remote terminal units (RTU) used primarily in the electric utility industry. Reliatronics RTU’s are noted for their small footprint and low power consumption and have been integrated into many Cleaveland/Price switch controllers.

Rae Sweeney, Cleaveland/Price president stated, “We are excited about the opportunities that will open up as a result of bringing Reliatronics into our company. We have number of products that we will be able to pursue given the expertise that Reliatronics will contribute.” Added Pete Kowalik, Cleaveland/Price vice-president and engineering manager, “Cleaveland/Price has worked closely with Reliatronics over the last 20+ years jointly supplying equipment to many utility customers. This closeness and common market led to the combining of efforts to design and manufacture a high voltage power line sensor (LineScope). The synergistic joining of the two companies creates a design and production team with greater capability to respond to new Smart Grid market needs.”

Hershel Roberson, president of Reliatronics, will continue with Cleaveland/Price in a product development role. Regarding the acquisition, Mr. Roberson observed, ” Reliatronics and Cleaveland/Price have probably done a hundred projects together and they have been great to work with. I have always been impressed by Cleaveland/Price’s engineering expertise, and with the family oriented culture of the company. I know that the products we have developed will be in good hands.”

Cleaveland/Price will be fully absorbing Reliatronics into its organization, however, will be maintaining the Reliatronics brand name for the RTUs.

About Cleaveland/Price
Cleaveland/Price is a switch engineering and manufacturing firm with a diverse product portfolio including outdoor group operated high voltage switches with ratings to 345 kV, hookstick operated switches for a wide range of applications, enclosed switches including isophase disconnects, and custom designed high voltage switches for special uses. The company also manufactures switch control motor operators that enable utilities to integrate almost any switch into a SCADA or smart grid system in overhead, underground, and padmount applications. Through its work with Reliatronics, Cleaveland/Price has introduced a highly accurate line sensor for distribution and transmission applications.