PGC enhances its distribution capabilities for electrical utility and telecommunications hardware with the deal.
Latest In Shorehill Capital
Distribution-focused private equity firm Shorehill Capital promoted Sean McCarthy to CFO and Robert Jackson to Managing Director.
Bessemer, Alabama-based PGC is a distributor of air-break switches, insulators and instrument transformers.
Distribution-focused private equity firm Shorehill Capital hit its funding target and will will continue to focus on the lower middle market.
The combination creates a 'premier regional platform' serving Utah, Colorado, Arizona and Idaho, Shorehill Capital said.
It marks PGC’s fifth acquisition since it was formed by Shorehill Capital in 2017.
Ascent Lifting simultaneously completed two acquisitions on Oct. 4.
