Vizimax Inc. Gets Acquired by Power Grid Components
October 8, 2024
Vizimax Inc., a provider of innovative solutions for electric power systems today announced that it has been acquired by Power Grid Components (“PGC”), a Blackstone portfolio company. Vizimax’s controlled switching device is the market-leading solution for managing and optimizing inrush currents, thereby extending the useful life of critical equipment, including power transformers and circuit breakers. Headquartered in Longueuil, Quebec, Vizimax is led by President Jean-Guy Lacombe.
“We, at Vizimax, are very excited to join the Power Grid Components family,” said Jean-Guy Lacombe, President of Vizimax. “This transaction represents a key step towards strengthening Vizimax’s capabilities in our goal to help ensure grid reliability around the world and we view PGC as the perfect partner to help us continue to provide best-in-class service to our customers and further expand our presence in the U.S. market.”
“At PGC, we seek partners who share our values and commitment to delivering innovative solutions to build, maintain, and protect the electrical grid,” said Rick McClure, founder and CEO of Power Grid Components. “By adding Vizimax to our portfolio of companies, we gain exceptional talent, including an experienced leadership team led by Jean-Guy, and a product that offers unparalleled protection for critical power devices utilized in electrical systems around the world. We look forward to helping Jean-Guy and his team accelerate the growth of Vizimax.”
The acquisition of Vizimax will expand PGC’s footprint both in North America and internationally, as Vizimax sells into diverse markets around the world.
