Blackstone-backed Power Grid Components completed the acquisition of Vizimax.

Blackstone-backed Power Grid Components, a multi-product line supplier of highly engineered, quality power equipment, completed the acquisition of Vizimax, a provider of innovative solutions to measure, control and switch high- and medium-voltage electric power systems. Financial terms were not disclosed. "At PGC, we seek partners who share our values and commitment to delivering innovative solutions to build, maintain, and protect the electrical grid. By adding Vizimax to our portfolio of companies, we gain exceptional talent, including an experienced leadership team led by Jean-Guy, and a product that offers unparalleled protection for critical power devices utilized in electrical systems around the world. We look forward to helping Jean-Guy and his team accelerate the growth of Vizimax, particularly here in the United States,” Rick McClure, Power Grid Components Founder and CEO.