MacLean Power Systems and Power Grid Components have merged to form a leading supplier of engineered utility solutions, supported by a substantial investment from Blackstone.

Target Information

MacLean Power Systems (MPS) and Power Grid Components (PGC) have announced a strategic merger that is set to enhance their positions as leading suppliers of engineered components and solutions for electrical utility infrastructure in the United States. MPS, established in 1986, specializes in providing highly engineered solutions for the construction, maintenance, and upgrade of electrical transmission, distribution, and communication infrastructure. With a comprehensive portfolio of products including switches, insulators, connectors, and more, MPS is recognized for its ability to deliver innovative solutions that drive reliability and efficiency.

Power Grid Components, founded in 2017, focuses on supplying products essential for the North American electrical power grid. PGC's product offerings include high-voltage switchgear, various types of insulators, instrument transformers, and pad-mounted power distribution products. By merging with MPS, PGC aims to expand its market presence and enhance its capabilities to meet the growing demands of the evolving power grid.

Industry Overview

The electrical utility industry in the United States is undergoing significant transformations driven by increasing demand for power, the electrification of various sectors, and the need to modernize aging infrastructure. As power consumption rises, util