Smith Interconnect Acquires PDI in $235 Million Deal
Power Holdings Inc., the parent company of power equipment specialist Power Distribution Inc. (PDI), has been acquired by Smith Interconnect for $235 million, the two companies said. The seller in the all-cash deal is private equity firm Bertram Growth Capital I, which acquired PDI in 2007.
PDI is the parent company for Power Distribution, Inc., Marelco Power Systems, and Onyx Power. It produces power distribution units, static transfer switches, remote power panels, power conditioning units, medium and low voltage transformers, and patented power monitors used mainly in data center and alternative energy applications. PDI is also among the players in the market for modular data centers with its i-Con Modular offering.