A switch-mode power converter includes a power isolation transformer and a drive transformer having their various windings collectively wound on a magnetic core having a center leg and outer legs. A primary winding and one or more secondary windings of the power transformer are wound on the center leg, and first and second windings of the drive transformer are wound on an outer leg. A primary control circuit controls one or more primary switches to supply the input voltage to the primary winding. A secondary control circuit controls secondary switches connected between the secondary windings and a load. Another control circuit controls operation the primary and secondary control circuits based at least in part on a feedback signal. The drive transformer windings are further configured to provide isolation between the primary control circuit and the synchronous rectifier control circuit.