Power Grid Components buys Instrument Transformer Equipment
Power Grid Components Inc, a portfolio company of Shorehill Capital LLC, has acquired Instrument Transformer Equipment Corp. Financial terms weren’t announced. Instrument Transformer, of Monroe, North Carolina, makes dry molded and oil-filled instrument transformers. TCF Capital Funding (a division of TCF National Bank) provided senior financing. Perkins Coie LLP served as legal advisor to Power Grid, while Stephens Inc advised the sellers of ITEC.
16 April 2018•3 mins read
