EIS Announces Acquisition of Power Grid Supply
Atlanta, GA—November 2nd, 2023
EIS, a leading specialty value-added distributor of electrical process materials and components in North America, is pleased to announce the successful acquisition of Power Grid Supply (“PGS”). PGS is a renowned supplier of high-quality transformer parts and components for the production, repair, and remanufacturing of transformers. This strategic move marks a significant milestone in EIS’s growth and underscores the company’s commitment to providing comprehensive OEM and aftermarket solutions to customers in the transformer and utility markets.
The acquisition of Power Grid Supply reinforces EIS's position as a leading provider to the transformer industry. PGS's expertise and reputation for excellence in the transformer aftermarket segment enhances EIS’s portfolio of solutions supporting grid infrastructure and modernization. EIS plans to invest in the growth of PGS to expand its geographic reach and further address critical customer needs across North America, enabling customers to extend the lifespans of their electrical equipment, while eliminating downtime.
The acquisition brings several key benefits to EIS. It expands EIS’s product portfolio significantly through the addition of PGS’s top-tier supplier relationships for a wide array of transformer parts and components. This addition seamlessly complements the existing product line, resulting in a comprehensive resource for transformer and power-equipment OEMs and remanufacturers, field service contractors, and utilities.
"We are excited to welcome the talented team at Power Grid Supply to EIS. This strategic move not only strengthens our offering in the transformer market but also aligns with our commitment to delivering unmatched quality and service to our customers,” shared EIS CEO Glenn Pennycook. “Power Grid Supply's technical expertise in combination with EIS’s footprint creates a national platform of industry-leading transformer solutions."
Customers of both companies can expect a seamless transition and continued dedication to excellence in product quality, customer service, and technical support.