Virginia Transformer Is Said to Consider $6 Billion Sale (1)

Virginia Transformer Corp. is exploring a sale that could value the US transformer manufacturer at more than $6 billion, people familiar with the matter said, amid soaring demand for electricity.

The Roanoke, Virginia-based company is working with an adviser as it seeks to gauge buyer interest, according to the people, who asked not to be identified discussing confidential information.

Deliberations are ongoing and there’s no certainty that Virginia Transformer will decide to proceed with a sale, the people said. A representative for Virginia Transformer declined to comment.

Led by Chief Executive Officer Prabhat K. Jain, privately-owned Virginia Transformer traces ...