2024-10-07 17:44:32
Vizimax, the global leader in point-on-wave transformer excitation, announces its acquisition by Power Grid Components
Vizimax Inc., a leading provider of innovative power system solutions, today announced that it has been acquired by Power Grid Components (“PGC”), a Blackstone portfolio company. Vizimax’s controlled switching device is the market-leading solution for managing and optimizing inrush currents to extend the life of critical assets, including power transformers and circuit breakers. Vizimax is headquartered in Longueuil, Quebec and led by President Jean-Guy Lacombe.
“We at Vizimax are very pleased to join the Power Grid Components family,” said Jean-Guy Lacombe, President of Vizimax. “This transaction is an important step in strengthening Vizimax’s capabilities in our commitment to increasing grid reliability around the world “We believe PGC is the perfect partner to help us continue to provide superior service to our customers and expand our presence in the U.S. market.”
“At PGC, we seek partners who share our values and commitment to providing innovative solutions to build, maintain and protect the power grid,” said Rick McClure, founder and CEO of Power Grid Components. “By adding Vizimax to our company portfolio, we are attracting exceptional talent, including an experienced leadership team led by Jean-Guy, and a product that provides unparalleled protection for critical power equipment used in electrical systems around the world. We look forward to it, Jean-Guy and to support his team in accelerating Vizimax’s growth.”
The acquisition of Vizimax will expand PGC’s footprint both in North America and internationally as Vizimax sells to various markets around the world.
About Vizimax: Founded in 1988, Vizimax Inc. is a leader in developing innovative solutions to the key challenges associated with switching, measuring and controlling power systems. Vizimax
About power grid components: Power Grid Components, Inc. was founded in 2017 by electric utility industry veteran Rick McClure to acquire and grow companies that provide advanced, quality products used in the North American electric grid and related industries. Since its founding, PGC has acquired six companies. Power grid components
About Blackstone Energy Transition Partners: Blackstone Energy Transition Partners is the energy sector-focused private equity business of Blackstone, a leading energy investor with a long-standing track record of investing approximately $22 billion of equity capital globally across a broad range of energy industry sectors. Blackstone Energy Transition Partners
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Analysis: Vizimax Acquisition by Power Grid Components – A Strategic Power Play
In a move that is set to shake up the power grid industry, Vizimax, a global leader in point-on-wave transformer excitation, has been acquired by Power Grid Components (PGC), a Blackstone portfolio company. This acquisition is a strategic power play that is expected to strengthen Vizimax’s capabilities and expand its presence in the U.S. market.
At first glance, this acquisition may seem like a straightforward business deal, but it’s much more than that. Vizimax’s controlled switching device is a market-leading solution for managing and optimizing inrush currents, which is critical for extending the life of power transformers and circuit breakers. This technology is a game-changer in the power grid industry, and PGC’s acquisition of Vizimax is a clear indication of its commitment to providing innovative solutions to build, maintain, and protect the power grid.
The acquisition is also a testament to PGC’s growth strategy, which is focused on expanding its footprint in North America and internationally. Vizimax’s global reach and reputation will undoubtedly help PGC achieve this goal, and the two companies’ combined expertise and resources will create a powerhouse in the power grid industry.
One of the most significant benefits of this acquisition is the potential for synergy between Vizimax’s technology and PGC’s existing product portfolio. By combining their expertise and resources, the two companies can create new and innovative solutions that will help to address the growing demand for reliable and efficient power grid infrastructure.
The acquisition is also a reflection of the growing importance of grid reliability and resilience in the face of increasing energy demands and climate change. As the world becomes increasingly dependent on electricity, the need for reliable and efficient power grid infrastructure has never been more pressing. Vizimax’s technology, combined with PGC’s expertise and resources, is well-positioned to address this need and help to build a more sustainable future.
In terms of what this acquisition means for the industry, it’s clear that PGC is committed to making a significant impact in the power grid industry. The company’s acquisition of Vizimax is just the latest in a series of strategic moves that are designed to position PGC as a leader in the industry.
the acquisition of Vizimax by Power Grid Components is a strategic power play that is set to have a significant impact on the power grid industry. By combining their expertise and resources, the two companies can create new and innovative solutions that will help to address the growing demand for reliable and efficient power grid infrastructure. As the industry continues to evolve, it will be interesting to see how PGC and Vizimax work together to shape the future of the power grid.
