Electro-Mechanical Corporation Acquired By Graycliff Partners

September 2021 – England Securities is pleased to announce that it recently served as the exclusive financial advisor to Electro-Mechanical Corporation (“EMC”) in its sale to Graycliff Partners. This transaction represents the eighth transaction in the power generation and transmission and distribution market for England Securities since September 2019.

Based in Bristol, VA and founded in 1958 by Frank Leonard, EMC manufactures medium voltage electric equipment, primarily switchgears, transformers and custom systems that serve as critical components for utility and industrial power infrastructure. The company’s products are sold to electrical utilities, renewable energy generators, mining operators, and general industrial users of power. The company has been family owned for over 60 years, and goes to market under two leading brands, Federal Pacific and Line Power.

“The EMC team is very excited to partner with Graycliff for this next chapter in the company’s history,” said Howard Broadfoot, EMC’s CEO. “EMC has established itself as a trusted partner in the electrical distribution business, and we are excited to leverage Graycliff’s guidance and resources to further grow the company in the years to come.”

Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses. EMC is the fourth investment in Graycliff’s fourth private equity fund, Graycliff Private Equity Partners IV LP.

“EMC has an impressive history and strong reputation as a key player in electrical power distribution infrastructure. We are excited to honor the legacy of Frank Leonard and continue to drive growth at EMC alongside Howard and his team,” said Andrew Trigg, Managing Partner at Graycliff.

About EMC

Electro-Mechanical Corporation (EMC) is a global leader in developing and manufacturing technologies used for electrical power distribution and control. The company’s three divisions — Federal Pacific, Line Power and Electric Motor Repair – are committed to providing customers, coworkers and community with relentless innovation, unmatched quality and unparalleled customer service. One of the U.S.’s largest privately held, family-owned manufacturers of electrical apparatus, EMC encompasses nearly one million square feet of modern manufacturing facilities located in Virginia, Tennessee and Mexico.

About Graycliff Partners

Graycliff Partners is an investment firm focused exclusively on the lower middle market. Our dedicated equity funds focus on control buyout transactions, primarily in niche manufacturing, business services and value-added distribution. Our dedicated credit funds are more industry agnostic, providing unitranche and subordinated debt, structured junior capital and minority equity to support leveraged and management buyouts, generational transfers, acquisitions and general growth. Graycliff often seeks to partner with family and entrepreneur-owned businesses.

has been acquired by
Sell-side Advisor