Electric Power Group Acquires Grid Protection Alliance

Flex Acquires EPC Power Corp.

September 3, 2026

Manufacturing

Flex agreed to acquire EPC Power Corp. for $4.4 billion, adding power-conversion and grid-forming technology for AI data centers, energy storage, and grid applications. Flex completed the acquisition on October 14, 2026, and EPC Power became part of Flex’s Cloud and Power Infrastructure segment.

Blue Ridge Associates Acquires Economic Group Pension Services (EGPS)

May 7, 2026

Healthcare Services

Blue Ridge Associates acquired Economic Group Pension Services (EGPS) to expand its retirement plan administration and compliance platform. The deal grows Blue Ridge’s scale with EGPS bringing more than 260 employees, about 7,200 retirement plans, and over $17 billion in assets under administration.

G&W Electric Acquires Safegrid

May 5, 2026

IT Services

G&W Electric has acquired Safegrid, an intelligent grid monitoring solutions provider based in Finland. The deal expands G&W Electric’s digital and analytics capabilities, combining Safegrid’s instant-on wireless sensors and advanced analytics with G&W Electric’s power grid equipment portfolio to improve fault detection, predictive analytics, and grid resilience for utilities worldwide.

Apollo Hybrid Funds Acquire Majority Stake in PowerGrid Services

July 2, 2025

Industrial Services

Apollo-managed funds and affiliates associated with Apollo’s hybrid strategies have agreed to acquire a majority stake in PowerGrid Services (PGS). The Sterling Group and management are partnering with Apollo following the transaction, which is subject to customary closing conditions. The deal was later completed by The Sterling Group with Apollo.

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.

Goldman Sachs Asset Management and Cleanhill Partners Acquire Majority Stake in EPC Power Corp.

September 15, 2022

Renewable Energy

The Sustainable Investing business of Goldman Sachs Asset Management and Cleanhill Partners have acquired a majority stake in EPC Power Corp. through a comprehensive recapitalization to support the company's expansion of U.S. manufacturing capacity and growth into utility-scale renewable energy storage and related markets. EPC Power, a Poway, California-based designer and manufacturer of American-made smart inverters, employs ~180 people and operates additional engineering/sales offices in Helsinki to serve global customers.