Oaktree Capital Management, n American global asset management firm specializing in alternative investment strategies, agreed to acquire Electro-Mechanical, a manufacturer of engineered electrical equipment sold into utility and industrial end markets, from Graycliff Partners, an investment firm focused on making lower middle market investments. Financial terms were not disclosed. “It has been a pleasure to work alongside Howard and the team at EMC to build upon the company’s impressive history and strong reputation. We believe the company is well positioned to capitalize on continued opportunities in the power space and are happy to have found a partner in Oaktree that has the resources and expertise to support the company’s next phase of growth,” Andrew Trigg, Graycliff Managing Partner.