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US electrical transformer company that designs, manufactures and services transformers for utility and industrial customers.
Founded in 1971, Solomon Corporation designs, manufactures and services electrical transformers for utility, industrial and commercial customers. Sunbelt Transformer, Ltd. acquired it from Oaktree Capital Management in June 2019, with terms undisclosed, and Thomas Hemmer is CEO. The company sells remanufactured and new transformers, voltage regulators, reclosers and switchgear, earning revenue from direct sales and transformer rentals on a B2B basis. It planned to introduce new transformer designs and enter European and Asian markets by 2025.
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