Power Grid Components Acquires Allied Bolt

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.

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.

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 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.

Power Grid Components Acquires Meister International

December 20, 2022

Industrial Services

Power Grid Components, Inc., a Shorehill Capital portfolio company, completed the acquisition of Meister International in November 2022. The add-on transaction expands Power Grid’s distribution of high- and medium-voltage insulators, bushings and related utility hardware and broadens its national product and customer reach; terms were not disclosed.

Portland Bolt Acquires Bennett Bolt Works

May 14, 2025

Manufacturing

Portland Bolt & Manufacturing Co., LLC has acquired Bennett Bolt Works, a Jordan, New York-based manufacturer of bolts and fasteners for highway guardrail systems, bridge construction, and overhead sign structures. The deal expands Portland Bolt's manufacturing capabilities and regional presence while retaining the existing Bennett Bolt Works team and operations under the name Portland Bolt Northeast.