# Power Grid Components acquires Instrument Transformer Equipment Corp.

Power Grid Components, Inc., formed by Shorehill Capital and Rick McClure, completed the acquisition of Instrument Transformer Equipment Corporation (ITEC), a manufacturer of dry molded and oil-filled instrument transformers based in Monroe, North Carolina.

- Type: Acquisition
- Announced: 2018-04-13
- Where: Monroe, North Carolina, United States
- Status: completed
- Products: dry molded instrument transformers, oil-filled instrument transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Shorehill Capital](https://endata.com/companies/2916.md) (investor)
- [Power Grid Components, Inc.](https://endata.com/companies/31330.md) (acquirer)
- [Instrument Transformer Equipment Corporation](https://endata.com/companies/31331.md) (target)

## Sources

- [shorehillcapital.com](https://shorehillcapital.com/power-grid-components-inc-announces-the-acquisition-of-instrument-transformer-equipment-corporation/), 2018-04-13: "We are excited to add the associates of ITEC to the Power Grid family."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.