Power Grid Components
Power Grid Components is a US-based, multi-brand industrial supplier of critical electrical grid components — insulators, transformers, bushings, disconnect switches, smart switching, and utility hardware — serving electric utilities, OEMs, distributors, and the telecom industry. Now part of the merged MacLean Power Systems platform owned by Blackstone.
- Company typePrivate
- Founded2017
- HeadquartersChicago, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Power Grid Components does
Power Grid Components, Inc. (PGC), founded in 2017 and headquartered in Chicago, is a US-based, private supplier of critical electrical grid components serving the transmission, distribution, and substation infrastructure of electric utilities, OEMs, distributors/packagers, and the telecom industry. The company operates a multi-brand platform of eight sub-brands — Allied Bolt (utility and telecom hardware), Elliott (pad-mount electrical equipment, epoxy bushings and insulators), ITEC (instrument transformers), Meister (porcelain insulator and bushing distribution), Mid-Central (medium-voltage oil-filled fixed-load transformers), Newell (solid core station posts and overhead line porcelain), Royal Switchgear (disconnect switches and substation power connectors, 100+ year heritage), and Vizimax (smart switching solutions) — covering hardware, transformers, insulators, bushings, disconnect switches, and smart switching across the full grid component spectrum. PGC distributes through direct regional sales representatives to utilities and OEMs and through distributor and packager networks, with quote-based pricing typical for B2B utility equipment and no publicly disclosed pricing.
The business model is a buy-and-build industrial platform under Blackstone ownership: capital is deployed to acquire specialized grid component manufacturers and distributors, retain their brands and customer relationships, and cross-sell across the portfolio. PGC was acquired by Blackstone in 2023; in December 2025, Blackstone acquired MacLean Power Systems from Centerbridge Partners and merged it with PGC in March 2026, financed by approximately $2.6 billion of debt arranged by Barclays (~ $2B first-lien and $560M second-lien). Following the merger the combined entity operates under the MacLean Power Systems name, with Steve Scharnhorst as CEO and PGC's former CEO Mike Plaster as President leading commercial and operational activities.
Operating geographies are concentrated in North America (primarily the United States), with a newly announced (August 2025) state-of-the-art distribution center in Georgia extending the logistics footprint. The platform is positioned to capitalize on grid modernization, aging infrastructure replacement, electrification, and AI data center-driven load growth — end-markets where the merged entity claims to be one of the largest suppliers of highly-engineered utility equipment in North America.
Power Grid Components firmographics
Firmographics- Name
- Power Grid Components
- Legal name
- Power Grid Components Inc.
- Website
- https://powergridcomponents.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Power Grid Components is a US-based, multi-brand industrial supplier of critical electrical grid components — insulators, transformers, bushings, disconnect switches, smart switching, and utility hardware — serving electric utilities, OEMs, distributors, and the telecom industry. Now part of the merged MacLean Power Systems platform owned by Blackstone.
- Ownership category
- akta.pro rank
Power Grid Components industry classification
Industry- Product category
- Electrical Grid Equipment and Components
- NAICS
- Power, Distribution, and Specialty Transformer Manufacturing (335311), Electric Bulk Power Transmission and Control (221121), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Switchgear & Switchboard Apparatus (3613), Power, Distribution & Specialty Transformers (3612), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)
- akta.pro secondary industries
- Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC), Poles, Towers & Structures (wood/steel/concrete poles, lattice towers, monopoles, crossarms) (EUADADAF), Low-Voltage Switchboards & Panelboards (LV distribution panels, MCCs, switchboards) (IMAGAEAA)
Keywords
Where Power Grid Components is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
Power Grid Components business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Distribution channels3 records
Marketing channels3 records
Power Grid Components product offering
Product offeringCore offering
Power Grid Components supplies engineered electrical grid components for North American electric utilities, OEMs, distributors, packagers, and telecom operators. The company operates eight specialized sub-brands delivering hardware, pad-mount equipment, instrument transformers, fixed-load transformers, porcelain and epoxy insulators, bushings, disconnect switches, and smart switching solutions. PGC fortifies grid capacity, resilience, and safety through tailored solutions and partnerships across the utility infrastructure value chain.
Product overview
Power Grid Components (PGC) is a multi-brand platform company and leading domestic supplier of critical grid components that powers the evolving electrical grid with reliable, responsive solutions. The portfolio consists of eight distinct sub-brands: Allied Bolt (hardware and pole line components), Elliott (pad-mount electrical equipment), ITEC (instrument transformers), Meister (porcelain insulators and bushings), Mid-Central (fixed-load medium-voltage transformers), Newell (solid core station posts and porcelain offerings), Royal Switchgear (disconnect switches and substation connectors), and Vizimax (smart switching solutions). These products collectively fortify grid capacity, resilience, and safety through tailored solutions and partnerships with utilities, OEMs, packagers, distributors, and end users. Following the March 2026 merger with MacLean Power Systems, the combined entity operates under the MacLean Power Systems name while retaining the PGC product portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Allied Bolt Hardware and Components Global supplier of hardware and components that support the power utility and telecom industries, including earth anchors, pole line hardware, aerial drop hardware, drop attachments, grounding hardware, banding, tools, wall anchors, and fasteners. Sold to utilities, telecom operators, distributors, and packagers.
- Elliott Pad-Mount Electrical Equipment Made-to-order, high-quality pad-mount electrical equipment for electrical utilities, industrial and commercial customers, and original equipment manufacturers. Also offers cycloaliphatic epoxy apparatus bushings and insulators for air-insulated equipment.
- ITEC Instrument Transformers One of the leading instrument transformer manufacturers in the electric power industry, offering a wide variety of solutions for voltage and current transformer service applications. Sold to electric power industry customers and OEMs.
- Meister Porcelain Insulators and Bushings Distribution Distributes porcelain insulators and bushings to original equipment manufacturers and users of switchgear, transformers, and bus duct around the world.
- Mid-Central Fixed-Load Transformers Manufactures medium-voltage, oil-filled Fixed Load transformers featuring the industry's most compact tanks and lightest weight, ensuring optimal aesthetics and easy installation. Sold to electric utilities and commercial customers.
- Newell Porcelain Insulators and Station Posts Decades-long preferred manufacturer and supplier of solid core station posts, with expanded product line to include overhead line components. Offers one of the broadest porcelain offerings in the United States.
- Royal Switchgear Disconnect Switches and Substation Connectors Complete product line of high-quality group-operated and hookstick disconnect switches, utility-specific designs, and substation power connectors. Serving the electric power industry for more than 100 years.
- Vizimax Smart Switching Solutions Comprehensive and innovative smart switching solutions that address key challenges related to electrical grid switching, measuring, and controlling. Backed by the world's largest concentration of smart switching experts.
Companies that use Power Grid Components
Customer profileSegments4 records
Ideal customer profiles4 records
Power Grid Components technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Power Grid Components partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MacLean Power SystemscoreMacLean Power Systems and Power Grid Components completed a merger in March 2026, creating one of the largest suppliers of highly-engineered utility equipment in North America. The combined entity operates under the MacLean Power Systems name. Steve Scharnhorst serves as CEO and Mike Plaster transitions from CEO of PGC to President, leading all commercial and operational activities.
Recent moves7 records
Expansion highlights6 records
Power Grid Components competitors and assessment
Company assessmentBroad incumbents
- Hitachi Energy: Hitachi Energy (formerly ABB Grid Integration) is a global leader in T&D solutions including transformers, switchgear, insulators and grid automation. Overlaps with most of PGC's product families and competes in the same North American utility procurement processes.
- Siemens Energy (T&D): Siemens Energy supplies transformers, switchgear, HVDC systems and grid software to global utilities. Overlaps with PGC product portfolio especially in HV transformers, switchgear and substation solutions.
- Hubbell Incorporated: Hubbell is a large diversified electrical products manufacturer with a Utility Solutions segment supplying transmission, distribution, substation and communication products. Directly comparable to PGC across insulators, connectors, switchgear components and pole-line hardware, with overlapping utility customers in North America.
- Eaton Corporation: Eaton is a major multi-national power management company with a strong electrical Americas business serving utilities with transformers, switchgear, switchboards and power components. Highly comparable to PGC across pad-mount equipment, instrument transformers and distribution switchgear.
- GE Vernova: GE Vernova's Grid Solutions business supplies transformers, switchgear, HVDC and grid automation for utilities worldwide. Comparable to PGC across transformers, HV equipment and grid digitalization; competes for large utility framework agreements.
Others
- Quanta Services: Quanta Services is the largest North American infrastructure construction firm specializing in electric power, renewables and telecom networks. Not a direct product competitor but a key customer of PGC's pole-line hardware, insulators and substation components used in their utility build-outs.
Emerging players
- Schweitzer Engineering Laboratories (SEL): SEL is a leading supplier of protection relays, automation and grid-edge digital solutions for utilities and industrial customers. Adjacent to Vizimax's smart switching business within the PGC platform, addressing similar digitalization needs of distribution utilities.
Direct peers
- Powell Industries: Powell Industries designs and manufactures custom-engineered electrical houses, switchgear and power distribution equipment for utilities, oil & gas and industrial customers in North America. Closely comparable to PGC's Royal Switchgear and Elliott pad-mount offerings for utility substation and distribution applications.
- Hammond Power Solutions: Hammond Power Solutions manufactures dry-type and cast-resin transformers, reactors and magnetics serving industrial, commercial and utility customers in North America. Directly comparable to PGC's ITEC instrument transformers and Mid-Central fixed-load oil-filled transformers.
- MacLean Power Systems (post-merger combined entity): MacLean Power Systems is the surviving entity following its March 2026 merger with Power Grid Components, creating one of the largest North American suppliers of highly-engineered utility equipment. Direct peer in T&D hardware, poles, insulators and substation products for the same utility customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Power Grid Components social profiles
Digital presencePower Grid Components financial estimates
Financial estimateRevenue estimate
Valuation estimate
Power Grid Components leadership team
Management profileNumber of profiles
Profiles5 records
Power Grid Components subsidiaries and ownership
Company hierarchySubsidiaries8 records
Power Grid Components funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Power Grid Components M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Power Grid Components
What does Power Grid Components do?
Power Grid Components supplies engineered electrical grid components for North American electric utilities, OEMs, distributors, packagers, and telecom operators. The company operates eight specialized sub-brands delivering hardware, pad-mount equipment, instrument transformers, fixed-load transformers, porcelain and epoxy insulators, bushings, disconnect switches, and smart switching solutions. PGC fortifies grid capacity, resilience, and safety through tailored solutions and partnerships across the utility infrastructure value chain.
Is Power Grid Components a public or private company?
Power Grid Components is a private company. It is classified as private equity controlled and is currently operating.
When was Power Grid Components founded?
Power Grid Components was founded in 2017. It employs 101 to 250 people.
Where is Power Grid Components based?
Power Grid Components is headquartered in Chicago, United States, in the North America region.
Who are Power Grid Components's main competitors?
Broad incumbents on record are Hitachi Energy, Siemens Energy (T&D), Hubbell Incorporated, Eaton Corporation and GE Vernova. Quanta Services is listed as an others. Schweitzer Engineering Laboratories (SEL) is listed as an emerging player. Direct peers are Powell Industries, Hammond Power Solutions and MacLean Power Systems (post-merger combined entity).
Does Power Grid Components have an API?
No public API is recorded for Power Grid Components.
What industry is Power Grid Components in?
Power Grid Components's product category is Electrical Grid Equipment and Components. Its primary akta.pro industry code is IMAGAAAF, Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware), with a secondary code of IMAGAAAC, Substation Systems & Integration (EPC, Engineering, Protection, Commissioning). Its NAICS code is 335311 and its SIC code is 3613.