Private Equity Firm Buys Power Distribution

Private equity firm Bertram Capital recently acquired Power Distribution, Inc. (PDI), a leading designer and manufacturer of mission-critical power distribution and monitoring equipment. Power distribution and power supplies have been an area of focus for new investment and innovation in the data center sector, as companies vie to provide products to reduce power loss due to inefficiencies between the grid and the server. Bertram Capital said it aims to help PDI expand its offerings.

"The ultimate objective will be to broaden the product line to create a 'one-stop shop' for power distribution products in the raised floor data center market," said Bertram Capital Managing Director Jeff Drazan, who said the new owner would be "keenly focused on maintaining the company's customer-centric approach while expanding its capabilities."

PDI President and Chief Executive Officer Rich Combs said the acquisition by Bertram Capital will "allow PDI to continue to operate with the speed and flexibility possible only within the structure of a small company." PDI's management team and employees will remain with the company following the acquisition, and the company will continue to be based in Richmond, VA.

Bertram Capital Management LLC is a private equity investment firm with $250 million in capital under management. It was founded in 2006 to invest in middle-market buyout transactions and provide growth equity to established platforms in technology, manufacturing, health care and business services.

Power Distribution, Inc. is nased in Richmond, Virginia and makes products including static switches, Power Distribution Units, remote power panels, harmonic cancellation technology and branch circuit monitoring systems.