Power Grid Components Acquires Ohio’s Meister International - Modern Distribution Management

Log In

Power Grid Components Acquires Ohio’s Meister International

It marks PGC’s fifth acquisition since it was formed by Shorehill Capital in 2017.
Power Grid Components

Power Grid Components, Inc. announced Dec. 20 that it has acquired Amelia, Ohio-based Meister International — a fellow distributor of products used to build, maintain and upgrade the North American electric power grid.

Want to be a master of M&A? MDM’s M&A Virtual Summit, held Feb. 21-22, will deliver everything you need. Get details and register here.

Terms were not disclosed for the deal, which closed in November and represents Power Grid’s fifth acquisition since the company was formed by private investment firm Shorehill Capital LLC and electric grid products industry veteran Rick McClure in 2017.

Meister distributes high- and medium-voltage porcelain and polyester insulators, bushings, bus and standoff pass throughs and related utility hardware. The company was founded in 2003

“Meister is a well-respected name in the industry and an important strategic addition for Power Grid,” said McClure, PGC’s President and CEO, in a news release. “This transaction strengthens our ability to serve customers with an expanded suite of insulator and related utility products along with reliable customer service.”

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.

Shorehill Capital and McClure formed Power Grid to acquire companies that produce and distribute power grid products in North America. Along with Meister, Power Grid includes Newell Porcelain, Instrument Transformer Equipment Corporation and Royal Switchgear Manufacturing Company. The group of Power Grid companies serve electric utilities, original equipment manufacturers and other customers supporting the electric grid.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.