Allied Bolt has been acquired by Power Grid Components
August 2024 — England & Company is pleased to announce that it served as the exclusive financial advisor to Allied Bolt, Inc. (“Allied Bolt”) in its sale to Power Grid Components, Inc. (“PGC”), a portfolio company of Blackstone Energy Transition Partners. Allied Bolt, based in Port Chester, New York, is a global supplier of hardware and components for the telecommunication and power utility industries. Allied Bolt’s product categories, including earth anchors, pole line hardware, aerial drop hardware, and drop attachments, are essential to bringing high-speed data and electrical power distribution to urban and rural homes.
The acquisition of Allied Bolt expands Power Grid Component’s product offering and end markets with a trusted hardware brand, allowing it to sell more products to telecommunication and utility customers.
“I am very thankful to England & Company for putting the deal between Allied Bolt and Power Grid Components together. There is no way we could have gotten to the finish line without them. They were incredibly knowledgeable, helpful, and patient in making our transaction go smoothly,” said Glen Malin, President of Allied Bolt. “With PGC and Blackstone, we have found partners that match our core values and goals around smart growth.”
About Allied Bolt, Inc.
Allied Bolt is a global supplier of hardware and components for the telecommunication and power utility industries. Allied Bolt’s product categories, including earth anchors, pole line hardware, aerial drop hardware, and drop attachments, are essential to bringing high-speed data and electrical power distribution to urban and rural homes. Learn more at www.alliedboltinc.com.
About Power Grid Components, Inc.
Power Grid Components, Inc. was formed by electrical utility veteran Rick McClure in 2017 to acquire and grow companies that supply products used in the North American electric power grid and adjacent industries. Since its founding, PGC has acquired five businesses. Today, PGC is a supplier of high voltage disconnect switchgear, high quality porcelain and glass insulators, instrument transformers and outside plant hardware. Learn more at www.powergridcomponents.com.
About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested approximately $22 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders.
Allied Bolt has been acquired by Power Grid Components
August 2024 — England & Company is pleased to announce that it served as the exclusive financial advisor to Allied Bolt, Inc. (“Allied Bolt”) in its sale to Power Grid Components, Inc. (“PGC”), a portfolio company of Blackstone Energy Transition Partners. Allied Bolt, based in Port Chester, New York, is a global supplier of hardware and components for the telecommunication and power utility industries. Allied Bolt’s product categories, including earth anchors, pole line hardware, aerial drop hardware, and drop attachments, are essential to bringing high-speed data and electrical power distribution to urban and rural homes.
The acquisition of Allied Bolt expands Power Grid Component’s product offering and end markets with a trusted hardware brand, allowing it to sell more products to telecommunication and utility customers.
“I am very thankful to England & Company for putting the deal between Allied Bolt and Power Grid Components together. There is no way we could have gotten to the finish line without them. They were incredibly knowledgeable, helpful, and patient in making our transaction go smoothly,” said Glen Malin, President of Allied Bolt. “With PGC and Blackstone, we have found partners that match our core values and goals around smart growth.”
About Allied Bolt, Inc.
Allied Bolt is a global supplier of hardware and components for the telecommunication and power utility industries. Allied Bolt’s product categories, including earth anchors, pole line hardware, aerial drop hardware, and drop attachments, are essential to bringing high-speed data and electrical power distribution to urban and rural homes. Learn more at www.alliedboltinc.com.
About Power Grid Components, Inc.
Power Grid Components, Inc. was formed by electrical utility veteran Rick McClure in 2017 to acquire and grow companies that supply products used in the North American electric power grid and adjacent industries. Since its founding, PGC has acquired five businesses. Today, PGC is a supplier of high voltage disconnect switchgear, high quality porcelain and glass insulators, instrument transformers and outside plant hardware. Learn more at www.powergridcomponents.com.
About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested approximately $22 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders.