FOR IMMEDIATE RELEASE – AUGUST 1, 2018
Power Grid Components, Inc. (“Power Grid”) is pleased to announce that Keith Mayer has joined the Company as Chief Financial Officer. Keith has over twenty years of experience as a finance executive within manufacturing and distribution companies.
For the last decade, Keith Mayer served as the Chief Financial Officer of Kele, Inc., a premier distributor of peripheral control products used in building automation systems. During this time, Keith also served in other interim leadership positions in the areas of sales, marketing, and operations providing him with a holistic perspective on business strategy. Keith has a proven track record in improving financial accuracy and reporting, tightening internal controls, reducing the time to report monthly financials and specializes in big data with an emphasis on data driven decisions.
“Keith is a skilled financial technician and has solid relationships that will serve our company well as we execute on our strategic plan,” commented Rick McClure, CEO of Power Grid Components.
“We are thrilled to work with Keith again and have the utmost confidence in his ability to help us transform Power Grid into a preeminent company,” said Dave Hawkins, Managing Partner of Shorehill Capital.
About Shorehill Capital LLC
Shorehill is a Chicago-based private equity firm focused on making control equity investments in North American engineered industrial product, industrial service and value-added distribution companies with enterprise values up to $150 million. Shorehill seeks opportunities where its experience, network and investment management approach can have a significant impact on investment performance. The Shorehill partners have a track record spanning nearly 30 years of helping middle market companies achieve increased growth and improved operational performance through a structured investment management plan. For additional information, please visit www.ShorehillCapital.com.
About Power Grid Components, Inc.
Power Grid was formed by electric grid products industry veteran Rick McClure and Shorehill Capital LLC to acquire companies that manufacture and supply products used in the North American electric power grid. Currently, the Company is a supplier of high quality porcelain and glass insulators, as well as instrument transformers for revenue metering and protective relaying. For additional information, please visit, www.NewellPorcelain.com, www.ITEC-CTVT.com and www.PowerGridComponents.com.