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Dunes Point Capital, LLC has acquired Power Distribution, Inc.

Friday, January 27, 2017

RYE, N.Y., Jan. 27, 2017 /PRNewswire/ — Dunes Point Capital, LLC has acquired Power Distribution, Inc. (“PDI”) from Smiths Group plc. Located in Richmond, VA, PDI designs, manufactures, and services mission critical power distribution, static switching, and power monitoring equipment for corporate data centers, industrial and commercial customers sold under the PDI and Onyx Power brands. PDI has operating facilities in Virginia and California and employs approximately 450 people. For more information, please visit www.pdicorp.com and www.onyxpower.com.

DPC Investment Partners, LLC provided the controlling equity for the transaction. The debt for the transaction, together with an equity co-investment, was provided by certain funds advised by FS Investments and sub-advised by GSO Capital Partners LP; and Bank of America Business Capital.

Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. Harris Williams & Co. served as financial advisor to Smiths Group plc.

About DPC: Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

About Power Distribution, Inc. (“PDI”): Founded in 1978, PDI designs, manufactures, and services mission critical power distribution, static switching, and power monitoring equipment for corporate data centers, industrial and commercial customers sold under the PDI and Onyx Power brands. PDI has operating facilities in Virginia and California and employs approximately 450 people. For more information, please visit www.pdicorp.com and www.onyxpower.com.

SOURCE Dunes Point Capital, LLC

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About PDI
PDI is a leading supplier of power distribution and monitoring solutions for data centers, wireless communications and other critical or high-value electrical systems.
 
As a family of brands, PDI and ONYX unite under one umbrella to Transform and Distribute, Monitor and power in global networks and systems. Our companies provide expertise in consulting, design and manufacturing of power transformers and distribution systems, static switching, power monitoring, as well as power quality engineering services.