Announced
Completed
Financials
Tags
United States
electrical transmission
Electronic Equipment: Other
Acquisition
Domestic
Private
Majority
Friendly
Completed
Single Bidder
Synopsis
MacLean Power, a manufacturer of products for the electric utility and communications infrastructure, completed the acquisition of Inertia Engineering & Machine Works, a manufacturer of transmission and distribution air break switches. Financial terms were not disclosed. "We are thrilled that Inertia is now part of the MPS team. Through our longstanding relationship as a supplier to Inertia, we've become very familiar with their quality manufacturing and expertise in highly engineered switch products. We look forward to supporting Inertia's growth and supporting the team in Stockton to continue to better serve our combined utility customers. Together we will be expanding our reach geographically, while leveraging our combined technical proficiency to design and manufacture quality products that are needed to support grid modernization, hardening and resiliency," Steve Scharnhorst, MacLean Power Systems CEO.
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