Power Solutions International
Home Page - Power Solutions International, Inc..
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | $135m | Post IPO Debt | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (24 %) | 9 % | 5 % | (5 %) | 4 % | 27 % | 12 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (3 %) | (7 %) | 7 % | 11 % | 18 % | 17 % | 17 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (6 %) | (11 %) | 2 % | 6 % | 15 % | 17 % | 14 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 6 % | 5 % | 4 % | 4 % | 4 % | - | - |
Source: Company filings or news article, Equity research estimates
In 1985, the father and son team of William and Gary Winemaster founded Power Solutions International (PSI). The company started with a focus on manufacturing and distributing power systems that run on alternative fuels like natural gas and propane, in addition to gasoline. Their strategy centered on providing integrated, turnkey engine solutions for a wide range of industrial equipment manufacturers. The company established itself as a key supplier for industrial and on-road markets, offering customized, emissions-certified engines. A significant moment in PSI's journey was its initial public offering in July 2013, when it began trading on the Nasdaq. This event provided capital and a higher profile to fuel its growth. To expand its offerings, PSI acquired Professional Power Products in 2014 for an initial cash price of $46 million, adding large, custom-engineered power generation systems to its portfolio. However, the company faced a major challenge when its former CEO, Gary Winemaster, was indicted for securities and wire fraud in 2019 related to improperly inflated revenue reports from 2014 and 2015. Following this, PSI restructured its executive leadership and internal controls. A pivotal partnership formed in 2017 when Weichai became a strategic investor, eventually becoming the parent company. After a period of trading on the OTC market, PSI announced its uplisting back to the Nasdaq in December 2024, marking a significant turnaround for the company.