Power Grid Components Acquires Meister International

Power Grid Components Acquires Royal Switchgear Manufacturing

January 13, 2020

Manufacturing

Power Grid Components, a platform formed by Shorehill Capital and industry veteran Rick McClure, completed the acquisition of Royal Switchgear Manufacturing Company, Inc. in December 2019. The deal expands Power Grid's product offering into high-voltage switchgear and power connectors; Joe Carton became President of Royal and joined Power Grid's board. Financing was provided by Antares Capital, Maranon Capital and Fidus Investment Corporation.

Blackstone Energy Transition Partners Acquires Power Grid Components, Inc. from Shorehill Capital

December 5, 2023

Manufacturing

Blackstone Energy Transition Partners closed the acquisition of Power Grid Components, Inc. (PGC) from Shorehill Capital LLC on November 30, 2023. PGC is a U.S. designer and manufacturer of critical electrical grid components (switchgear, insulators, and instrument transformers); Blackstone said the purchase supports its energy-transition strategy to modernize and harden the electrical grid while scaling PGC's platform.

EIS Acquires Power Grid Supply

November 2, 2023

Industrial Services

EIS, a North American specialty distributor of electrical process materials, has acquired Power Grid Supply, a supplier of transformer parts and components. The acquisition expands EIS's product portfolio and aftermarket capabilities for transformer OEMs, remanufacturers, field service contractors, and utilities, and will support geographic expansion across North America.

Power Grid Components Acquires Vizimax Inc.

October 7, 2024

Energy

Power Grid Components (PGC), a Blackstone portfolio company, has acquired Vizimax Inc., a Longueuil, Quebec–based provider of controlled switching devices for high- and medium-voltage power systems. The add-on purchase expands PGC's product capabilities and footprint in North America and internationally; Vizimax was previously owned by a group led by BDC Capital and Yaletown Ventures.

Power Grid Components Acquires Elliott Industries

December 17, 2024

Manufacturing

Power Grid Components (PGC), a Blackstone portfolio company, has acquired Elliott Industries, a custom manufacturer of electrical equipment based in Bossier City, Louisiana. The acquisition is an add-on to PGC's power distribution portfolio and will preserve the Elliott brand while leveraging PGC's resources to drive growth and product innovation.

Power Grid Components Acquires Allied Bolt

September 20, 2024

Industrial Services

Power Grid Components (PGC), a Blackstone portfolio company, has acquired Allied Bolt, a distributor of plant hardware for the electrical utility and telecommunications industries. Glen Malin, the former owner and current president, will resume his role as president; terms were not disclosed.