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Press Releases

DECEMBER 5, 2023

Blackstone Acquires Power Grid Components, Inc., a Leading Supplier of Critical Components for the Electrical Grid

New York, December 5, 2023 – Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (“PGC”) from Shorehill Capital LLC.

PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting electricity into different voltages. As a supplier of critical components to the grid and partner to many of the nation’s largest electrical utilities, PGC advances the global energy transition by improving the reliability, capacity, and safety of the grid, by enabling the deployment of new renewable generation, and by supporting broad electrification trends. PGC was founded in 2017 by CEO Rick McClure and Shorehill Capital LLC. Mr. McClure and the other senior leaders will remain with the business in their current positions following the transaction. See Full Press Release...

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Newell-PSN, LLC Obtains ISO 9001:2015 Certification

April 15th ,2021 - Newell-PSN is happy to announce that effective December 15th, 2020 we have obtained ISO 9001 certification!

This includes both our Columbiana, OH facility, as well as our Savannah location.

With this certification it is our goal to continue to provide the highest quality service, as well as quality products, into our industry.

Please feel free to contact us for any additional information or updates.


Newell Porcelain Boosts Distribution Efficiency with new Savannah warehouse

July 2, 2019 - Savannah, GA. – Newell Porcelain and Power Grid Components are excited to announce the addition of Newell Porcelain’s new distribution center located near the Port of Savannah.

Newell will occupy a newly constructed 54,000 square foot distribution warehouse near the fastest growing port in the US. The company’s new location will enhance Newell Porcelain’s distribution efficiency and complement our national network of warehouse locations.

“We are excited to expand our operations to Savannah,” said Rick Stanley, President of Newell Porcelain. “We chose the location due to the proximity to the Port, the readily available workforce, and the excellent opportunity for growth which the region presents.”

Rick McClure, CEO of Power Grid Components, Newell’s parent company commented, “Our new Savannah distribution center is a key addition to our growth strategy. Serving our customers with fast, cost effective logistics’ is critical to our business.

Newell Porcelain is a designer, manufacturer and distributor of high voltage electrical porcelain, glass insulators and composite products. The company’s product types include station post, suspension, line posts, transmission and distribution insulators as well as apparatus porcelains.

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