Who owns LayerZero?
Direct answer
LayerZero Power Systems is a privately held company with majority ownership by , a global private equity firm. The company was founded in 2001 by and , who continue to play active leadership roles in guiding LayerZero’s strategy, culture, and technical direction.
Key takeaways
- LayerZero Power Systems is privately held.
- Advent International is the majority owner.
- Founded in 2001 by Milind Bhanoo and James Galm.
- Founders remain actively involved in leadership and strategy.
- Headquartered in Aurora, Ohio.
Full explanation
LayerZero Power Systems was founded in 2001 by Milind Bhanoo and James Galm with a mission to deliver highly reliable, safe, and innovative power distribution solutions for mission critical environments.
In a strategic investment to support long term growth, operational scale, and continued innovation, Advent International acquired a majority ownership stake in LayerZero Power Systems. Advent is a global private equity firm with extensive experience investing in industrial, technology, and infrastructure focused businesses.
Despite the majority investment, LayerZero continues to operate as an independent company with strong continuity in leadership. Co founders Milind Bhanoo and James Galm remain actively involved in guiding the company’s vision, engineering philosophy, and commitment to reliability and safety.
LayerZero Power Systems is headquartered in Aurora, Ohio, with manufacturing and engineering operations located throughout Northeast Ohio, serving data centers, healthcare facilities, industrial customers, and other mission critical environments worldwide.
Last reviewed by LayerZero Power Systems.