Golden Gate Capital, a San Francisco–based private equity investment firm, has agreed to acquire a majority equity stake in DMC Power, a designer and manufacturer of proprietary connector technology systems for high-voltage power infrastructure, from Bridgepoint, a global private equity firm. Financial terms of the transaction were not disclosed.
DMC Power was retained by Bridgepoint in 2013 when it sold Permaswage to Precision Castparts Corp.
DMC Power designs and manufactures the highest-quality connection systems for transmission, distribution, substation and industrial projects. The company operates two manufacturing facilities in Carson, Calif., and Olive Branch, Miss., along with multiple distribution facilities strategically located across North America.
Following the transaction, Tony Ward will continue to lead the company as CEO and will remain a significant shareholder.
“Thanks to our dedicated team and productive partnership with Bridgepoin
