After a competitive process that received strong interest from many potential partners, the transaction ended in the owners of Power Grid Supply successfully closing the deal with EIS.
“We were impressed with HORNE Capital from the time we met them, and their assistance through our transaction was critical to getting the right deal done for us,” said PGS Owner, Justin Bond.
“The owners and team at Power Grid Supply and TransArmour have built a great business that continues to meet the needs of their customers in the transformer component distribution space, and we are excited about their partnership with EIS and Audax,” said HORNE Capital Partner, Josh Edwards.
PGS is a renowned supplier of high-quality transformer parts and components for the production, repair and remanufacturing of transformers. Their exemplary customer service, rapid response times and ability to adapt to today’s changing industry will prove beneficial in their new partnership.