LFM-backed PSI Power & Controls Acquires Salient Power Solutions

LFM Capital Acquires PSI Control Solutions

April 6, 2020

Manufacturing

LFM Capital, a Nashville-based private equity firm, has invested in PSI Control Solutions, a Charlotte-headquartered manufacturer of custom electrical control panels and emergency power products. PSI, founded in 1961 with a second facility in Mayfield, Kentucky and ~75 employees, will partner with LFM to expand operations and pursue growth opportunities across its industrial and electrical end markets.

Trystar (Blackstone Portfolio) Acquires Salient from LFM Capital

September 17, 2024

Manufacturing

Trystar, a portfolio company of Blackstone, has acquired Salient (formerly PSI Power & Controls / Salient Power Solutions) from LFM Capital. Salient is a Charlotte-headquartered OEM of custom switchgear and industrial controls serving data centers and other critical-power end markets; financial terms were not disclosed.

LFM Capital Invests in SESCO to Expand Electric Grid Reliability Platform

October 9, 2025

Industrial Services

LFM Capital has invested in Systems Engineering and Sales Co. (SESCO), bringing the Fort Wayne, Indiana-based supplier of power transformer installation and maintenance equipment into its electric grid reliability platform. CP Energy Holdings participated as a minority investor; SESCO will join LFM’s existing platform partnership with ZTZ Services International to provide complementary diagnostic and remediation equipment and services for power utilities and transformer manufacturers across North America.

Summit Fire & Security Acquires Performance Systems Integration (PSI)

August 27, 2025

Industrial Services

Summit Fire & Security (a subsidiary of SFP Holding, Inc./Summit Companies) has completed a merger with Performance Systems Integration (PSI), closing on August 21, 2025. The combination expands Summit's national footprint and technical capabilities while giving PSI customers and employees access to broader resources, faster response times, and an expanded network across 126 locations in 37 states.

LDC Invests in Power Saving Solutions

December 18, 2024

Renewable Energy

LDC, the private equity arm of Lloyds Banking Group, has made a significant growth investment in Mansfield-based Power Saving Solutions to support product development, manufacturing expansion and diversification into new end markets. The investment will back the existing management team and fund R&D, manufacturing capacity increases and commercial growth across sectors such as construction, transport and utilities.

Performance Systems Integration Acquires South Sound Fire & Security

February 12, 2025

Electrical Services

Performance Systems Integration (PSI), a Portland-based fire and life safety services provider, has acquired South Sound Fire & Security of Olympia, Washington as an add-on to its fire and life safety platform. The acquisition expands PSI’s inspection, monitoring, installation and repair capabilities in the Puget Sound region and marks South Sound as PSI’s 16th acquisition overall.