Marsons and Cleanhill Partners to set up JV in North America

Marsons and Cleanhill Partners, a New York-based private equity firm with a proven track record of scaling companies supporting the build-out of energy infrastructure, today announced their intent to form a joint venture to accelerate transformer distribution, service, and manufacturing operations across the United States and Canada.

Marsons is currently executing transformer orders for major U.S. renewable energy and utility projects, including GSUs up to 200 MVA and pad-mounted units across multiple locations. The joint venture combines Marsons' transformer engineering and manufacturing capabilities and U.S. project experience with Cleanhill's market network, capital, and operational expertise to address this growing demand. A longer-term vision includes full-scale transformer manufacturing in North America, positioning both companies to address sustained demand from grid modernization, renewable energy infrastructure expansion, and data center power requirements.

Marsons is the only EHV power transformer manufacturer in Eastern India and the Northeast Region and the largest by installed capacity in the region. The company operates a 45,000 square-meter manufacturing facility with current annual capacity of 12,000 MVA and an ongoing expansion to 26,000 MVA. Marsons holds approvals from PGCIL (Power Grid Corporation of India Limited), India's primary transmission operator, and NTPC (National Thermal Power Corporation), India's largest power generator. These approvals reflect the company's engineering rigor and manufacturing quality standards. Marsons specializes in transformers rated from 11 kV to 345 kV and beyond and is currently executing multiple transformer orders for U.S. renewable energy and utility-scale projects.