Power Grid Components (“PGC”), a Blackstone portfolio company, has acquired Mid-Central Electric (“MCE” or “the Company”), a company specializing in the manufacturing of fixed-load transformers sold to distributors, original equipment manufacturers, and utilities. The Company’s pole-mounted, oil- filled, fixed-load transformers are used to provide power from distribution lines for various applications, including capacitor banks and reclosers.

Power Grid Components has acquired Mid-Central Electric, a leading manufacturer of fixed-load transformers for the electrical utility industry.

Power Grid Components (“PGC”), a Blackstone portfolio company, has acquired Mid-Central Electric (“MCE” or “the Company”), a company specializing in the manufacturing of fixed-load transformers sold to distributors, original equipment manufacturers, and utilities. The Company’s pole-mounted, oil-filled, fixed-load transformers are used to provide power from distribution lines for various applications, including capacitor banks and reclosers.

“At PGC, we seek to acquire businesses that deliver reliable products for the electrical grid,” said Rick McClure, founder and CEO of PGC. “Mid-Central’s specialty transformers can help meet the increasing demand for electricity and the integration of distribution automation technologies into the U.S. grid.”

Mid-Central Electric’s fixed-load transformers are manufactured in Oregon, WI, and feature the industry’s most compact tank diameter. Their models can be configured to meet a wide range of specifications.

About Power Grid Components:

Power Grid Components, Inc. was formed by electrical utility veteran Rick McClure in 2017 to acquire and grow companies that supply products used in the North American electric power grid and adjacent industries. Since its founding, PGC has acquired eight businesses. Today, PGC is a supplier of high-voltage disconnect switchgear, high-quality porcelain and glass insulators, instrument transformers, outside plant hardware, controlled switching devices, power distribution products, and fixed-load transformers.

About Mid-Central Electric:

Mid-Central Electric is a company specializing in the manufacturing of fixed-load transformers to distributors, original equipment manufacturers, and utilities in the electrical industry. The company is headquartered in Oregon, WI.

For press inquiries, please contact:

Elisabeth Law
elisabeth.law@pgc.com