Graycliff Partners LP has completed the acquisition of Electro-Mechanical Corp., a manufacturer of engineered electrical equipment sold into utility and industrial end markets.
Based in Bristol, VA and founded in 1958 by Frank Leonard, EMC manufactures medium voltage electric equipment, primarily switchgear, transformers and custom systems that serve as critical components for utility and industrial power infrastructure.
“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.”
“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.
EMC is the fourth investment in Graycliff’s fourth private equity fund, Graycliff Private Equity Partners IV LP.