Power Grid Components Acquires Royal Switchgear Manufacturing
January 13, 2020
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.
- Buyers
- Power Grid Components, Inc., Shorehill Capital LLC
- Targets
- Royal Switchgear Manufacturing Company, Inc.
- Platforms
- Power Grid Components, Inc.
- Industry
- Manufacturing
- Location
- Alabama, United States
- Transaction Type
- Addon
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