101 Goodson Street

Bristol, VA 24201

276.466.8200

Electro-Mechanical, LLC Partners with Oaktree

Electro-Mechanical, LLC Partners with Oaktree

Electro-Mechanical, LLC Partners with Oaktree

March 1, 2024 – BRISTOL, VA.

Electro-Mechanical, LLC (“Electro-Mechanical” or the “Company”), a leading manufacturer of engineered electrical equipment, announced today that it has partnered with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). In partnership with management, Oaktree’s investment will support the Company’s strategic vision and growth plans by leveraging Electro-Mechanical’s widely recognized brand and portfolio of innovative power products. Terms of the transaction were not disclosed.

Founded in 1958 and headquartered in Bristol, VA, Electro-Mechanical is a manufacturer of custom electrical equipment including switchgear, power quality products, transformers, and integrated systems for customers in the utility, renewable energy, data center, and commercial and industrial markets. The Company’s products are sold under leading brands including Federal Pacific, Line Power, Mirus International, and GridConnex.

Howard Broadfoot, CEO of Electro-Mechanical, commented: “The Electro-Mechanical team is very excited to partner with Oaktree for this next chapter in the Company’s history. Electro-Mechanical has established itself as a trusted partner in the electrical distribution business, and we are excited to leverage Oaktree’s guidance and resources to further grow the Company in the years to come.”

“We are thrilled to be partnering with Electro-Mechanical, which has built a 65-year reputation of providing customers with high-quality and reliable products to upgrade and expand their electric power infrastructure,” added Ulysses Fowler, Managing Director of Oaktree’s Power Opportunities strategy. “The Company has significant potential for expansion, driven by rising power demand, aging electrical infrastructure, and increasing adoption in distributed energy resources across the grid. We are excited to support Electro-Mechanical’s next phase of growth.”

Akerman LLP and Lincoln International LLC served as advisors to Graycliff Partners and the Company and Kirkland & Ellis LLP served as legal advisor to Oaktree on the transaction.

About Electro-Mechanical, LLC

Electro-Mechanical, LLC was founded in 1958 and is headquartered in Bristol, VA. With over 600 employees, the Company is one of America’s largest privately held manufacturers of electrical apparatus. Electro-Mechanical sells its products under the Federal Pacific, Line Power, Mirus International, and GridConnex brands, and is recognized throughout the U.S. and around the world for the supply of high-quality power distribution components and unparalleled industry knowledge and customer support. With five manufacturing facilities including a repair and service division, the Company has nearly one million square feet of modern manufacturing facilities located in the U.S., Canada, and Mexico. For additional information, please visit Electro-Mechanical’s website at www.electro-mechanical.com.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $189 billion in assets under management as of December 31, 2023. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,200 employees and offices in 22 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

Hard Rock Hotel & Casino Bristol Selects Federal Pacific’s Type PSV Switchgear

Hard Rock Hotel & Casino Bristol Selects Federal Pacific’s Type PSV Switchgear

Federal Pacific Type PSV Vacuum Interrupter Switchgear Scada Ready

Federal Pacific, a division of Electro-Mechanical, is proud to announce the delivery of its Type PSV switchgear to the highly anticipated Hard Rock Hotel & Casino Bristol. Federal Pacific’s Type PSV switchgear is SCADA-ready and comes with a versatile configuration of power handling and protection components. The dead-front design of the PSV switchgear amplifies the security of protection and switch components, not only addressing environmental concerns but also elevating the isolation of medium-voltage circuits to minimize exposure for operating personnel.

The Hard Rock Casino Bristol, a groundbreaking joint venture between Hard Rock International and Bristol Resort & Casino, is shaping up to be a $520 million spectacle, breathing new life into the former Bristol Mall site. The grand opening, slated for July 2024, promises to be a significant milestone for the City of Bristol, VA.

Federal Pacific’s Type PSV switchgear will help distribute power to the Hard Rock Hotel & Casino Bristol including:

  • A sprawling 90,000-square-foot gaming floor housing 2,700 slot machines and 100 table games
  • Five distinct restaurants and four bars, offering a diversity of culinary experiences
  • Entertainment venues, including a 3,200-seat entertainment center and an outdoor venue capable of hosting up to 20,000 guests
  • The Hard Rock hotel, initially featuring 300 guest rooms and suites, has plans for future expansion to accommodate 750 guest rooms

Electro-Mechanical and Federal Pacific underscore their commitment to providing state-of-the-art electrical solutions for high-profile projects. The Type PSV Air-Insulated Vacuum Interrupter Switchgear is poised to play a crucial role in the safe and efficient operation of the Hard Rock Hotel & Casino Bristol.

Visit Federal Pacific at The Utility Expo: Booth S4857

Visit Federal Pacific at The Utility Expo: Booth S4857

 

 

Federal Pacific is excited to announce we will be exhibiting at The Utility Expo in Louisville, KY from Sept. 26th-28th. Come visit us at booth S4857 to learn more about our extensive line of medium-voltage switchgear. Our switchgear solutions are designed for various applications such as grid maintenance, advanced protection capabilities, automation, and remote monitoring. Don’t forget to inquire about our latest innovation, the Type PSV Automatic Dead-Front Pad-Mounted Switchgear, which can be customized for both 15kV and 25kV specifications. We’re looking forward to connecting with you in Louisville. In the meantime, feel free to explore our full product line here.

 

About The Utility Expo
The Utility Expo is the largest event for utility professionals and construction contractors seeking comprehensive insights into the latest industry technologies, innovations and trends. The biennial trade show, known for equipment test drives and interactive product demonstrations, takes place in Louisville, Ky. The next event will be September 26-28, 2023.

About the Association of Equipment Manufacturers (AEM)
AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.3 million jobs and contributes roughly $316 billion to the economy every year.

Revolutionizing Renewable Projects: See Federal Pacific’s Innovative Medium-Voltage Switchgear at Re+ 2023

Revolutionizing Renewable Projects: See Federal Pacific’s Innovative Medium-Voltage Switchgear at Re+ 2023

Are you looking to explore the latest developments in renewable energy products? Look no further than RE+ 2023, where Federal Pacific will be showcasing its cutting-edge medium-voltage power distribution equipment. From September 11th to 14th, join us at the prestigious Venetian Convention & Expo Center in Las Vegas for a unique opportunity to witness the future of renewable energy.

At Federal Pacific’s booth (#3374), you’ll get an up-close look at our innovative exhibit, featuring GridConnex® and our Metal-Enclosed Switchgear. Discover how our medium-voltage switchgear solutions are empowering the renewable energy industry and unlocking its true potential. From wind turbines to solar farms, we have the tools to optimize and enhance energy generation. Whether you’d like to discuss one of our catalog products or a custom-designed solution, engage with one our engineers, learn about our latest advancements, and gain a deeper understanding of how Federal Pacific is driving change in the renewable energy landscape.

Join us at RE+ 2023 in Las Vegas and experience the limitless future of medium-voltage solutions for renewable energy products. We can’t wait to show you what’s possible.

About RE+
RE+ brings the modern energy industry together to foster a cleaner future for all. The largest and most comprehensive event in North America for the clean energy industry, RE+ is comprised of Solar Power International (our flagship event) and Energy Storage International and brings together an extensive alliance of renewable energy leaders for multiple days of programming and networking opportunities. RE+ also incorporates business opportunities and education content across the clean energy industry, including hydrogen, microgrids, EV charging and infrastructure, and wind energy.

Federal Pacific Understands the Importance of SF6-Free Switchgear

Federal Pacific Understands the Importance of SF6-Free Switchgear

Federal Pacific realizes the harm to our environment that can be caused by Sodium Hexafluoride (SF6) gas insulated switchgear. Our equipment has been SF6 -free since the company began selling switchgear in 1987.

How bad is SF6 for the environment?

Findings show that 1 kg of SF6 gas that is emitted into the atmosphere is the equivalent of more than 20,000 of kgs of CO2 in terms of warming effect. Simply put, SF6 is the most potent greenhouse gas known. One failure when using SF6 as a switchgear insulator is the harm created for our environment. This can take society many years and great cost to undo since SF6 can stay in the atmosphere for up to 3,200 years

New U.S. state and regional regulations have been implemented to help reduce the rate of SF6 emissions. One effort is the Regional Greenhouse Gas Initiative (RGGI), which is a cap and investment initiative among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia. RGGI targets repair and replacement of SF6 containing electrical equipment in many east coast states. More information can be found here about RGGI.

Federal Pacific’s commitment:

As Federal Pacific expands into new markets, such as renewable energy, we will always be dedicated to serving our customer’s needs. We will continue to make choices that are better for our environment, and as switchgear demand grows, Federal Pacific will continue to support SF6-free technologies with all of our switchgear offerings.

Electro-Mechanical expands manufacturing in Bristol and Mexico

MAFESA

MAFESA plant in Mexico

Electro-Mechanical, LLC is expanding its presence in Bristol and Mexico to improve efficiencies and to support the launch of new products.

Early steps for this expansion include relocating its Mexico-based manufacturing arm, MAFESA, to a new, larger site. The new 106,000 square-foot facility will provide MAFESA with additional square footage for manufacturing and distribution space for low and medium-voltage transformers.

In addition, the MAFESA expansion will provide Federal Pacific, a division of Electro-Mechanical, with additional manufacturing space to improve production capabilities in Bristol, VA. These changes will allow Electro-Mechanical to increase capacity to meet growing demand for pad-mounted switchgear and introduce innovative, smart technology for the renewable energy market.

MAFESA plant floor

MAFESA production floor

“Electro-Mechanical continues to see record levels of demand across all our product lines.  Increases are being seen in low and medium-voltage transformers, as well as in pad-mounted switchgear,” says COO Mike Stollings. “Beyond the growth in our Mexico facility, this move paves the way for significant production expansion and hiring at our Bristol facilities.”

Electro-Mechanical, LLC is headquartered and has operated in Bristol, Virginia for 65 years. With nearly 500 U.S. employees and additional international staff of 130, Electro-Mechanical is one of America’s largest privately held manufacturers of electrical apparatus. It is a family of company divisions, which include Line Power, Federal Pacific, MAFESA, and Mirus International. Electro-Mechanical is recognized throughout the U.S. and around the world for the supply of high-quality power distribution components, the design and construction of innovative mining systems, and our unparalleled industry knowledge and customer support. With five manufacturing facilities including a repair and service division, the company has nearly one million square feet of modern manufacturing facilities located in Bristol Virginia, Canada and Mexico. Electro-Mechanical, LLC is owned by GrayCliff Partners, LP.