Power Solutions International acquires Buck’s Engines

Power Solutions International Inc. (PSI), which designs, engineers and manufactures emissions-certified alternative fuel and conventional power systems, has acquired Buck’s Engines LP, a manufacturer of alternative fuel engines for industrial markets. Buck’s is a product line of United Engines LLC.

Based in Oklahoma City, Buck’s, a General Motors industrial OEM, supplies a range of alternative fuel engines that run on propane and natural gas. Buck’s targets an extensive range of industrial applications, including irrigation, gas compression, oil production, industrial equipment, power generation, mobile equipment, wind turbines and repower applications. The company was established in 1958, has additional locations in Lubbock and Amarillo, Texas, and distributes its engines to customers around the world.

PSI acquired certain assets of Buck’s for an initial cash purchase of about $9.7 million, according to a press release. PSI financed the purchase with its existing line of credit. PSI expects Buck’s to contribute about $6 million to $8 million of revenue for the balance of 2015.