Utilities Acquisitions in 2017
Showing 1 transactions.
-
June 19, 2017
- Buyer
- ERMCO
- Target
- GridBridge Corporation
- Industry
- Utilities
- Location
- North Carolina, United States
- Type
- Buyout
ERMCO, a Dyersburg, Tennessee-based manufacturer of distribution transformers, has acquired GridBridge Corporation, a Raleigh, North Carolina power-delivery systems company and developer of the Grid Energy Router. GridBridge will operate as a wholly owned subsidiary of ERMCO to scale its energy-router product line and support utility and commercial customers in grid modernization; financial terms were not disclosed.
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