Lincoln International advised Centerbridge Partners and MacLean Power Systems on its transaction with Power Grid Components and Blackstone

MacLean Power Systems

MacLean Power Systems (MPS) is a leading manufacturer of engineered products and solutions used in the maintenance, repair, upgrade and construction of transmission, distribution and substation infrastructure. Leading the way in innovation, MPS is dedicated to keeping power infrastructure performing optimally by supplying world-class solutions to fulfill the needs of customers who maintain electrical services to consumers worldwide. Learn more at www.macleanpower.com.

The Deal

MPS, a portfolio company of Centerbridge Partners, L.P., has entered into a definitive agreement to join forces with Power Grid Components (PGC), a portfolio company of funds affiliated with Blackstone Energy Transition Partners and Blackstone’s flagship private equity strategy, to form a leading supplier of engineered components and solutions for utility infrastructure.

In partnership with Centerbridge, MPS positioned itself for long-term growth by investing in its supply chain and strategic footprint, adding depth to its functional leadership team, implementing new business systems and strengthening its technical / product capabilities. Centerbridge and MPS entrusted Lincoln given its experience in the energy, power & infrastructure market, history with the company and depth of its buyer relationships. Terms of the transaction were not disclosed.

Lincoln represented PGC in its sale to Blackstone in 2023 and MPS in its sale to Centerbridge in 2022.

Our Perspective

Sean Bennis, Adam Gifford and Andrew Moen, Lincoln International Managing Directors, commented, “Both MPS and PGC stand out as innovative leaders in critical components and solutions for the U.S. power grid, and the growth of both companies has been outstanding. We have truly enjoyed partnering with both companies and their respective owners in recent years, as well as participating as thought partners in the creation of this new combined industry platform, and we look forward to the next phase of growth the companies will drive together.”

Centerbridge Partners

Centerbridge is a private investment management firm employing a flexible approach across investment disciplines―private equity, private credit and real estate―in an effort to develop the most attractive opportunities for its investors. The firm was founded in 2005 and, as of September 30, 2025, has approximately $45 billion in assets under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies. For more information, please visit www.centerbridge.com and LinkedIn.

Power Grid Components

PGC powers the evolving grid with reliable, responsive solutions. As a leading domestic supplier of critical grid equipment, PGC fortifies its capacity, resilience and safety. Through tailored solutions and partnerships with utilities, original equipment manufacturers, packagers, distributors and end users, PGC keeps America’s power flowing. Learn more at www.pgc.com.

Blackstone Energy Transition Partners

Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses. Blackstone Energy Transition Partners is a leading energy investor with a successful long-term track record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Its investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the needs of the global community. In the process, Blackstone Energy Transition Partners builds stronger, larger scale enterprises, creates jobs and generates lasting value for its investors, employees and all stakeholders. Further information is available at www.blackstone.com/our-businesses/blackstone-energy-transition-partners.

Blackstone

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com.

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