Electro-Mechanical, LLC, a portfolio company of Oaktree, has acquired Powercon Corporation

October 24, 2025 — EdgePoint is pleased to announce that it served as the exclusive financial advisor to Powercon Corporation in it’s sale to Electro-Mechanical, LLC, a portfolio company of Oaktree.  Financial terms of the transaction were not disclosed.

Established in 1959 and based in Severn, Maryland, Powercon Corporation (www.powercon.com) specializes in the engineering and production of medium voltage metal-clad and metal-enclosed switchgear, as well as fully integrated power distribution centers. Their offerings also include load-break switches, high-resistance grounding systems, and circuit breaker racking systems. Powercon delivers solutions to customers in the utility, data center, and industrial sectors throughout North America, with a strong emphasis on safety, dependability, and technical expertise.

“The partnership with Electro-Mechanical brings invaluable resources to support our long-term growth strategy while continuing Powercon’s proud legacy of delivering high-quality solutions and services to our customers.” said Mike Hattan, General Manager of Powercon Corporation.  “Electro-Mechanical shares our commitment to service, safety, and quality, and we are excited to be able to offer expanded capabilities to serve our customers.”

Matt Keefe, EdgePoint Managing Director, said of this transaction "We are thrilled with the EMC and Powercon transaction. The timing of this combination could not be better for both organizations – and the industry.  This merger stands as another example of EdgePoint’s commitment to delivering innovative, strategic solutions and exceptional outcomes for our clients. We are confident the newly combined entity will unlock significant opportunities and generate tremendous value for all stakeholders."

Established in 1958 and based in Bristol, Virginia, Electro-Mechanical, LLC (www.electro-mechanical.com) employs more than 700 people and stands among the largest privately owned producers of medium voltage switchgear and power distribution equipment in the United States. The company markets its products under notable brands such as Federal Pacific, Line Power, Mirus International, GridConnex, and Coordinated Designs & Controls. Electro-Mechanical is widely respected nationwide for delivering top-tier power distribution solutions, exceptional technical expertise, and outstanding customer service. Operating out of six manufacturing locations, the firm boasts almost one million square feet of advanced manufacturing space across the U.S., Canada, and Mexico.

The acquisition further strengthens Electro-Mechanical’s capabilities in medium voltage switchgear and integrated systems for utility, data center, and critical infrastructure applications. Electro- Mechanical is committed to providing Powercon with investment, resources, and support to enhance capacity to serve customers and deliver long-term growth, while maintaining the company’s culture that has been central to its success.

EdgePoint (www.edgepoint.com) is a leading boutique investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.