Blackstone (BX) Acquires Power Grid Components
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Blackstone Acquires Power Grid Components, Inc., a Leading Supplier of Critical Components for the Electrical Grid
December 5, 2023 8:30 AM UTCNEW YORK--(BUSINESS WIRE)-- Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (PGC) from Shorehill Capital LLC.
PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting electricity into different voltages. As a supplier of critical components to the grid and partner to many of the nations largest electrical... More
