TJC completed the acquisition of Insulation Technology from PHI Industrial.

TJC, a private equity firm, completed the acquisition of Insulation Technology, a manufacturer of porcelain insulators, from PHI Industrial, a fund specializing in the management of industrial companies. Financial terms were not disclosed. "As owners of ITG, PHI has driven a significant transformation in both PPC and LAPP, consolidating its best practices across its different geographies, improving its factory network and strengthening its management team. We are delighted to have found a suitable shareholder for the future expansion of the business, which will benefit from continued efforts to electrify the world with sustainable solutions such as porcelain insulators," Alexander Wit, PHI Managing Partner.