Power Grid Components (PGC), a company within the Blackstone portfolio, has announced the acquisition of Vizimax Inc., a leader in innovative solutions for measuring, controlling, and switching high- and medium-voltage electric power systems. Vizimax’s advanced controlled switching device is recognized as the top solution for managing and optimizing inrush currents, significantly extending the lifespan of critical electrical equipment, such as power transformers and circuit breakers. Headquartered in Longueuil, Quebec, Vizimax is led by President Jean-Guy Lacombe and was previously owned by investors including BDC Capital and Yaletown Ventures.
“At PGC, we prioritize partnerships that align with our values and commitment to delivering innovative solutions for the electrical grid,” said Rick McClure, founder and CEO of Power Grid Components. “With Vizimax joining our portfolio, we gain exceptional talent and a product that provides unmatched protection for essential power devices worldwide. We look forward to collaborating with Jean-Guy and his team to accelerate Vizimax’s growth, especially in the U.S. market.”
This acquisition will expand PGC’s presence in both North America and international markets, as Vizimax has a diverse global customer base. Integrating Vizimax’s specialized offerings into PGC’s portfolio will enhance the reliability, safety, and security of the electrical grid, aligning with PGC’s core mission.
“We at Vizimax are thrilled to become part of the Power Grid Components family,” said Jean-Guy Lacombe, President of Vizimax. “This transaction marks a significant step in strengthening our capabilities to ensure grid reliability globally. PGC is the ideal partner to help us continue providing top-notch service to our current customers and to expand our footprint in the U.S. market, thanks to PGC’s experienced team and established relationships with utilities, original equipment manufacturers, and renewable energy developers.”
