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MacLean Power Systems and Power Grid Components completed their previously announced merger. The combined company will operate as MacLean Power Systems, with Blackstone becoming majority owner and Centerbridge making a new investment.
“Today is an exciting milestone for MPS and our customers. Bringing together these highly complementary businesses strengthens MPS’ ability to support the construction, maintenance, repair and upgrade of critical grid infrastructure”pgc.com
Summarized from public sources; check the original articles before acting on it.