M&A Deal Summary

Power Grid Components Acquires Royal Switchgear

On January 13, 2020, Power Grid Components acquired electrical equipment company Royal Switchgear

Acquisition Highlights
  • This is Power Grid Components’ 2nd transaction in the Electrical Equipment sector.
  • This is Power Grid Components’ 2nd transaction in the United States.
  • This is Power Grid Components’ 1st transaction in Alabama.

M&A Deal Summary
Date 2020-01-13
Target Royal Switchgear
Sector Electrical Equipment
Buyer(s) Power Grid Components
Deal Type Add-on Acquisition

Target

Royal Switchgear

Bessemer, Alabama, United States
website
Royal Switchgear manufactures substation and transmission group-operated disconnect switches, substation and distribution hookstick disconnects, and substation power connectors. Royal’s products are used to control, protect and isolate electric current in an electrical system. Royal adds to Power Grid’s existing suite of products that ensures the safety, reliability and efficiency in the broader electric grid.

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Buyer(S) 1

Buyer

Power Grid Components

Bessemer, Alabama, United States

website

Category Company
Sector Electrical Equipment
DESCRIPTION

Power Grid Components was formed to acquire companies that supply products used in the North American electric power grid. The company supplies high-quality porcelain, glass, and polymer insulators, as well as instrument transformers for revenue metering and protective relaying to electric utilities, substation manufacturers, and other customers who support the grid. Power Grid Components is based in Bessemer, Alabama.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 ITEC

Monroe, North Carolina, United States

ITEC manufactures products for the electrical and electric utility industries in the United States and for export. ITEC is an original equipment manufacturer of instrument transformer products divided into two application areas: revenue metering and protective relaying. ITEC offers a broad variety of product designs well suited for voltage transformer and current transformer service areas. ITEC also offers various support and technical services relating to the application and in-service needs for instrument transformer products.

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