Power Grid Components (“PGC”), a Blackstone portfolio company and a leading supplier of critical components for the utility and telecom markets, today announced the opening of its new, 250,000-square-foot distribution center in Locust Grove, Georgia. Strategically located southeast of Atlanta, this modern facility will significantly enhance PGC’s North American supply chain operations, bolstering its commitment to best-in-class logistics and customer service.

Power Grid Components (“PGC”), a Blackstone portfolio company and a leading supplier of critical components for the utility and telecom markets, today announced the opening of its new, 250,000-square-foot distribution center in Locust Grove, Georgia. Strategically located southeast of Atlanta, this modern facility will significantly enhance PGC’s North American supply chain operations, bolstering its commitment to best-in-class logistics and customer service.

The new distribution center will serve as a central hub for warehousing and logistics services for PGC’s key subsidiaries. This consolidation of distribution capabilities unifies planning and execution, enabling faster shipments and reducing lead times for critical components essential to America’s electrical grid and telecommunications infrastructure.

Designed for maximum efficiency and scalability, the facility features 38 cross-dock doors for quick turnarounds and a dedicated warehouse team focused on accurate and swift order fulfillment. Furthermore, it boasts a full modern lab equipped for mechanical and electrical testing, helping ensure all products meet the highest quality and reliability standards. The center also includes a new product showcase area to highlight PGC’s latest innovations and engineering achievements.

This investment is a crucial component of PGC’s broader, multi-year program designed to strengthen its global supply chain. The initiative focuses on enhancing resilience and agility, delivering productivity gains, and optimizing operations to support the company’s expanding customer base and strategic growth objectives.

“The past few years have been transformative for our business, as we’ve invested significantly in optimizing logistics services for components critical to our electrical grid,” said Rob Johnson, Chief Operating Officer of PGC. “Our focus on developing strategic solutions underscores our commitment to stakeholders and the industry, as we aim to be the most comprehensive partner in enabling a reliable and robust electrical infrastructure for North America.”

Chris Faust, Chief Commercial Officer of PGC, added, “The increased reach and improved logistics provided by this new warehouse are pivotal to delivering on PGC’s promise of superior customer experience. This investment directly translates to faster, more efficient service for our partners, ensuring they have reliable access to the essential components that power our communities. We are incredibly excited about how this will strengthen our ability to meet and exceed our customers’ expectations.”

This strategic expansion underscores PGC’s leadership in the utility and telecom component sectors and its proactive approach to strengthening the national infrastructure. By optimizing its logistics network, PGC is not only enhancing its operational capabilities but also reinforcing its vital role in ensuring the continuous and reliable supply of power and communication across North America, supporting economic growth and community well-being.

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, composite, and glass insulators, instrument transformers, outside plant hardware, controlled switching devices, power distribution products, and fixed-load transformers.

Blackstone Energy Transition Partners

Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested over $24 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at blackstone.com/our businesses/blackstone-energy-transition-partners.

For press inquiries, please contact:

Elisabeth Law
elisabeth.law@pgc.com

Power Grid Components (“PGC”), a leading domestic supplier of a wide range of components for the electrical grid, is pleased to announce that Michael Plaster, an industry veteran bringing nearly four decades of leadership experience in electrical equipment and solutions companies, will be joining PGC as its Chief Executive Officer, effective August 18, 2025. Michael will succeed Rick McClure, who will transition to Chairman of the Board. This planned succession, in combination with Mike’s deep industry knowledge and network, will lead the company through its next chapter of growth.

Distinguished industry veteran with a sustained track record of growth and building customer partnerships to lead PGC’s next chapter

Rick McClure to assume role of Chairman of PGC’s Board of Directors

Power Grid Components (PGC), a leading domestic supplier of a wide range of components for the electrical grid, is pleased to announce that Michael Plaster, an industry veteran bringing nearly four decades of leadership experience in electrical equipment and solutions companies, will be joining PGC as its Chief Executive Officer, effective August 18, 2025. Michael will succeed Rick McClure, who will transition to Chairman of the Board. This planned succession, in combination with Mike’s deep industry knowledge and network, will lead the company through its next chapter of growth.

Michael Plaster joins PGC from ABB, a global technology leader in electrification and automation, where he spent 20 years and most recently served as Executive Vice President and Lead Business Manager for Electrification. Since May 2020, Michael has both led ABB’s U.S. Electrification commercial organization and held P&L responsibility for ABB’s North American Distribution Solutions business line, driving significant growth. His leadership of a 3,000-person team and service on the NEMA Board of Governors and Executive Committee underscore his industry influence.

“In Mike, we have found the ideal next CEO for PGC, and I could not be more excited about the company’s future,” said Rick McClure. “Mike’s deep industry experience, proven leadership capabilities, and shared values as PGC make him the ideal choice to lead the business moving forward.”

“I am very excited to join PGC and build on Rick’s success in partnering with our customers as we navigate through the energy transition and deliver responsive solutions to the evolving electrical grid,” said Mike Plaster. “I have long admired the PGC family and am honored to be leading the business on its next chapter.”

“Since founding PGC in 2017, Rick has been a pioneer in the electrical components sector,” said John-Paul (JP) Munfa, a Senior Managing Director at Blackstone. “We are grateful for Rick’s leadership and continued partnership as Board Chairman, and we are thrilled to have Michael, a proven leader with deep expertise in the industry, join PGC and continue to drive the company’s growth and innovation.”

Prior to his tenure at ABB, Michael spent time at Kirby Risk Electrical Supply and Schneider Electric, where he further sharpened his expertise in sales growth and operational excellence. Mike holds a Bachelor of Science in Mechanical Engineering Technology from Purdue University and an MBA from Butler University. While serving at ABB, he completed its Senior Leadership Development Program at IMD in Lausanne, Switzerland, equipping him with advanced global leadership and strategic management skills.

Power Grid Components

Power Grid Components 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, composite, and glass insulators, instrument transformers, outside plant hardware, controlled switching devices, power distribution products, and fixed-load transformers.

Blackstone Energy Transition Partners

Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested over $24 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at blackstone.com/our businesses/blackstone-energy-transition-partners.

For press inquiries, please contact:

Power Grid Components, a Blackstone Portfolio Company
PGC Media Contact: Elisabeth Law
elisabeth.law@pgc.com

Power Grid Components (“PGC”), a Blackstone portfolio company, is pleased to announce an exclusive agreement between its subsidiary, Newell, and GAMMA Insulators (“GAMMA”). As part of this agreement, Newell will expand its product line to include GAMMA’s composite distribution insulators for the North American market. This strategic addition reflects PGC’s commitment to strengthening its commercial capabilities and supporting the evolving needs of customers in the North American utility sector.

Newell expands its product offerings with high-quality composite insulators, enhancing nearshoring efforts and service reliability for North American utilities.

Power Grid Components (“PGC”), a Blackstone portfolio company, is pleased to announce an exclusive agreement between its subsidiary, Newell, and GAMMA Insulators (“GAMMA”). As part of this agreement, Newell will expand its product line to include GAMMA’s composite distribution insulators for the North American market. This strategic addition reflects PGC’s commitment to strengthening its commercial capabilities and supporting the evolving needs of customers in the North American utility sector.

“At PGC, we seek manufacturers who share our values and our commitment to delivering reliable products for the growing electrical grid,” said Rick Stanley, President of Newell. “GAMMA’s expertise in producing high-quality insulators will be instrumental in enhancing our capabilities to service customers in the North American market. By leveraging GAMMA Insulators’ manufacturing capabilities in Colombia, this strategic agreement significantly strengthens Newell’s nearshoring efforts. This move ensures more reliable service through reduced lead times, improved logistics, and greater control over our supply chain, ultimately benefiting Newell’s North American customers. Furthermore, GAMMA’s unique offering of porcelain F-neck and aluminum F-neck line posts differentiates Newell’s offerings from the current market.”

GAMMA brings over 60 years of experience in insulator manufacturing with a proven track record as a leading producer in the Central and South American markets.

“GAMMA has been a leading producer of insulators for over 60 years,” said Claudia Arango Botero, General Manager, Energy Business, at GAMMA. “In this new chapter, we look forward to continuing to provide leading engineered products and adding capacity and service capability to the PGC commercial teams.”

PGC remains focused on expanding its product lines within the electrical grid segment. These products are used in mission-critical applications with a strong focus on electrical substations and overhead distribution lines.

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 Newell:

A decades-long preferred manufacturer and supplier of solid core station posts, Newell has expanded its product line to include overhead line products. The company now has one of the broadest porcelain offerings in the United States, with products that include station posts, line posts, transmission suspension and distribution insulators, and apparatus porcelain. All Newell products meet or exceed ANSI, IEC, and IEEE standards, ensuring the highest levels of quality and reliability.

About GAMMA:

GAMMA Insulators, a subsidiary of Corona, is a leading manufacturer of electrical and utility line products based in Colombia. GAMMA specializes in isolation equipment and solutions for electric utilities, equipment manufacturers, and distributors. With over 60 years of experience, GAMMA Insulators operates state-of-the-art, ISO-certified manufacturing facilities to produce high-quality solutions for the global utility market.

For press inquiries, please contact:

Elisabeth Law
elisabeth.law@pgc.com

Allied Bolt, a subsidiary of Power Grid Components (“PGC”), is proud to announce the release of its new Two-Piece Stainless Steel Fiber Drop Clamp, Item #949. This next-generation clamp is engineered to support Corning’s SST™ and ROC™ Fiber Drop Cables, as well as similar fiber cable profiles from other manufacturers.

Innovative design delivers faster, easier installation and improved performance for fiber cable support applications.

Allied Bolt, a subsidiary of Power Grid Components (“PGC”), is proud to announce the release of its new Two-Piece Stainless Steel Fiber Drop Clamp, Item #949. This next-generation clamp is engineered to support Corning’s SST™ and ROC™ Fiber Drop Cables, as well as similar fiber cable profiles from other manufacturers.

The #949 Clamp introduces a reimagined design that streamlines field installation while enhancing performance and reliability for telecom and utility crews. “At Allied Bolt, we’re committed to developing hardware solutions that reflect the practical needs of field technicians and deliver meaningful improvements to jobsite efficiency,” said Austin Odum, Product Manager at Allied Bolt. “Building on our legacy of engineering excellence, this new clamp delivers enhanced safety and quicker installation — while maintaining the strength and quality our customers rely on.”

Key benefits of the new #949 Fiber Drop Clamp include:

• Fast installation without having to set the shim while trying to place over the fiber cable.
• Integrated shim/wedge prevents installation without the shim.
• Designed for easy installation while wearing work gloves.
• Clamp can easily be loosened and reinstalled to adjust the slack of fiber cable.
• Elongated bail wire provides extra clearance for making attachments too difficult to reach hooks, clamps, or knobs.

The #949 Clamp securely holds an appropriate length of fiber drop cable while maintaining long-term durability and environmental resistance thanks to its stainless-steel construction.

This release reflects Allied Bolt’s commitment to solving challenges faced by lineworkers and contractors working in demanding field conditions.

About Power Grid Components

Power Grid Components, Inc. was founded in 2017 by industry veteran Rick McClure to acquire and grow companies supplying the North American power grid and adjacent markets. Today, PGC provides a broad range of products including high- voltage disconnect switchgear, insulators, instrument transformers, controlled switching devices, and fiber optic hardware.

About Allied Bolt

Allied Bolt, a PGC company, is a trusted manufacturer and supplier of high-performance utility hardware and engineered solutions for telecom and electrical infrastructure. Known for precision manufacturing and durable designs, Allied Bolt’s product lines support mission-critical installations across North America.

For press inquiries, please contact:

Elisabeth Law
elisabeth.law@pgc.com

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