Bregal Investments, a middle-market investment firm backed by the Brenninkmeijer family, is exploring a sale of power electronic provider EA Elektro-Automatik, according to Bloomberg News.

EA Elektro-Automatik, which Bregal acquired in 2019, supplies power electronics for research and development and industrial applications, serving clients in sectors including automotive, electric mobility and alternative energy. The company’s more than 300 employees build equipment for laboratory power supply, high-power mains adapters and electronic loads with or without power feedback. The firm is reportedly working with an adviser to gauge buyer appetite and EA Elektro-Automatik could receive more than $1 billion, reported Bloomberg.