M&A Deal Summary

Power Grid Components Acquires Elliott Industries

On December 17, 2024, Power Grid Components acquired electrical equipment company Elliott Industries

Acquisition Highlights
  • This is Power Grid Components’ 4th transaction in the Electrical Equipment sector.
  • This is Power Grid Components’ 4th transaction in the United States.
  • This is Power Grid Components’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2024-12-17
Target Elliott Industries
Sector Electrical Equipment
Buyer(s) Power Grid Components
Deal Type Add-on Acquisition

Target

Elliott Industries

Bossier City, Louisiana, United States
Elliott Industries manufactures high-voltage electrical equipment, serving utilities, industrial and commercial customers, and original equipment manufacturers. The company specializes in switchgear, bushings, insulators, and other critical components for power distribution and transmission systems. Elliott Industries is headquartered in Bossier City, Louisiana.

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Buyer(S) 1

Buyer

Power Grid Components

Bessemer, Alabama, United States

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 5 of 5
Sector: Electrical Equipment M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
State: Louisiana M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 Vizimax

Longueuil, Quebec, Canada

Vizimax is a provider of innovative solutions to measure, control, and switch high- and medium-voltage electric power systems. Vizimax was formed in 1988 and is headquartered in Longueuil, Quebec.

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