MacLean Power and PGC merge under Blackstone
Major merger creates one of North America’s largest utility equipment suppliers, strengthening power grid solutions amid growing energy demand.
Image for illustrative purposes
USA: MacLean Power Systems (MPS) and Power Grid Components (PGC) have joined forces in a transformative merger backed by Blackstone Energy Transition Partners. The combined company will serve as a leading supplier of engineered components and solutions for North America’s electrical transmission, distribution, substation, and communications infrastructure.
PGC’s financial sponsor, Blackstone, will become the majority owner, acquiring MPS interests previously held by Centerbridge Partners. The union of MPS and PGC is expected to create a unique platform to support utilities amid rising power consumption, grid modernisation, and increasing electrification.
Founded in 1986, MPS provides highly engineered products such as switches, pole line hardware, insulators, arresters, connectors, anchors, and crossarms. Its customer-focused approach supports emergency restoration, full-scale grid construction, and maintenance, helping utilities improve reliability while lowering operating costs.
PGC, established in 2017, manages a portfolio of high-voltage disconnect switchgear, insulators, instrument transformers, pad-mounted distribution products, and more. Its clients include major utilities, OEMs, telecommunications companies, and distributors across the US.
The merger creates one of the largest suppliers of critical utility equipment in North America. Leadership from both companies will remain in place, driving growth and innovation.
Steve Scharnhorst, MPS CEO, said: “We are excited to partner with PGC and Blackstone to accelerate the growth of this industry-leading platform.” PGC CEO Mike Plaster added: “Together, we can serve our customers better across all segments of the electrical grid.”
Blackstone executives highlighted the combined company’s potential to support grid safety, efficiency, and reliability amid global energy transition trends. Centerbridge praised the merger as unlocking further growth potential for both companies.
Source: Blackstone
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