Power Distribution, Inc. Acquired By Bertram Capital
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Power Distribution, Inc. acquired by Bertram Capital
Virginia company acquired by California private equity group
RICHMOND, VA; May 1, 2007 -- Power Distribution, Inc. (PDI), the largest independent
designer, manufacturer and servicer of a full spectrum of mission-critical power distribution,
power monitoring and static switching equipment, has been acquired by Palo Alto, Calif.-based
private equity firm Bertram Capital.
"We are pleased to have Bertram as a new partner going forward," said PDI President and
Chief Executive Officer Rich Combs. "Bertram's operational and strategic resources and deep
experience in the technology space will enable PDI to improve its cutting-edge power solutions
and high levels of customer service. We look forward to expanding our product offerings while
maintaining the same customer focus that has been the foundation of our success. The
acquisition by Bertram Capital will also 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 is a private equity firm that was founded in 2006 to invest in middle-market
buyout transactions and provide growth equity to established platforms in the technology,
manufacturing, health care and business services industries.
"We are extremely excited to have the opportunity to participate in the growth of a business
such as PDI that commands such strong respect within its market," Bertram Capital Managing
Director Jeff Drazan said. "Our plan is to leverage PDI's ingrained cultural commitment to
fulfilling customer needs through flexible solutions and responsive service in order to expand
the product and service offerings both domestically and internationally."
"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," Drazan added. "PDI's focus on
meeting ever-changing customer requirements has been the cornerstone of its success, and we
are keenly focused on maintaining the company's customer-centric approach while expanding
its capabilities."
Charlotte, N.C.-based Edgeview Partners LLC served as the financial advisor to PDI. Hirschler
Fleischer PC of Richmond, VA. served as legal counsel to PDI. Wilmer Cutler Pickering Hale
and Dorr LLP of Palo Alto, Calif. served as legal counsel to Bertram Capital.
Media Contacts
David Mulholland
Power Distribution, Inc.
(800) 225-4838
dmulholland@pdicorp.com
Joseph Tou
Bertram Capital
(650) 543-9300
jtou@bertramcapital.com
