Blackstone-backed Power Grid Components to acquire MacLean Power Systems.

Blackstone-backed Power Grid Components, a designer and manufacturer of critical components, agreed to acquire MacLean Power Systems, a manufacturer of engineered components. Financial terms were not disclosed. “MacLean Power Systems plays a vital role in supporting the safety, efficiency, and resiliency of the grid. We are excited to partner with a business and management team of this caliber at such an exciting time for the sector. Together with PGC, we look forward to accelerating MPS’s continued growth as an innovative and trusted platform supporting rapidly growing global electrical infrastructure needs," JP Munfa, Blackstone Senior Managing Director and Mark Zhu, Blackstone Managing Director.