Power Grid Components

The firm acquires small to mid-sized North American manufacturers of electrical grid hardware — components such as bushings, arresters, disconnect switches, insulators, and transformer monitoring equipment. These products are mission-critical for transmission and distribution networks but rarely attract institutional interest as standalone businesses. The 2023 acquisition of transformer maker ERMCO illustrates the firm's move into larger, more capital-intensive categories.

Power Grid Components is a specialized, indefinite-hold consolidator focused exclusively on the electrical grid supply chain. Unlike a traditional PE fund with a 5-to-7-year exit horizon, the firm structures acquisitions around long-term operational stewardship, retaining existing management and customer relationships. This narrow mandate gives it a procurement and due-diligence advantage over generalist buyers who evaluate grid-hardware businesses alongside unrelated portfolio companies.

Rick McClure, the firm's President, leads investment decisions and acquisition sourcing. McClure has deep experience in the electrical equipment sector, having previously served in executive roles at grid-hardware businesses. The firm's lean structure — characteristic of a family-office-style consolidator — places origination, diligence, and post-acquisition oversight under a small, centralized team.

Power Grid Components' known acquisitions and stated mandate focus exclusively on North American manufacturers, primarily in the US. The firm targets domestic supply chains serving US utilities, data centers, and renewable developers — sectors where Made-in-America procurement requirements and supply-chain reshoring create additional tailwinds for domestic manufacturers.

The thesis rests on three pillars: fragmentation of ownership (many founder-owned businesses with succession needs), rising demand from electrification and grid reliability investments, and constrained domestic supply of specialized high-voltage hardware. By consolidating these niche manufacturers under a single operational umbrella, the firm can capture procurement synergies and cross-sell complementary products to shared utility customers — a playbook adapted from successful consolidations in aerospace and specialty industrial distribution.