Blackstone, a private equity firm, completed the acquisition of Power Grid Components, an electric power grid equipments manufacturer, from Shorehill Capital, a private equity firm. Financial terms were not disclosed. “Our leadership team is thrilled to be partnering with Blackstone, a leader in energy transition investing. We believe Blackstone will be an outstanding strategic partner in helping us achieve long-term growth while continuing to supply essential components with outstanding quality, reliability and lead times to North America’s electrical utilities," Rick McClure, Power Grid Components CEO.