Blackstone Energy Transition Partners Acquires Power Grid Components, Inc. from Shorehill Capital
December 5, 2023
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.
- Buyers
- Blackstone Energy Transition Partners
- Targets
- Power Grid Components, Inc.
- Sellers
- Shorehill Capital LLC
- Industry
- Manufacturing
- Location
- Alabama, United States
- Transaction Type
- Buyout
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