Power Distribution, Inc., an independent designer, manufacturer and servicer of mission-critical power distribution, power monitoring and static switching equipment, has been acquired by Palo Alto, California-based private equity firm Bertram Capital.
PDI’s management team and employees will remain with the company following the acquisition, and the company will continue to be based in Richmond, Virginia.
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.