Ensuring the stability of electrical grids, companies in electrical substation management provide solutions for monitoring and managing electrical substations, a critical component in the distribution of electricity for various applications, including automotive facilities.
*Disclaimer: List of key companies in no particular order
Latest Company Updates:
November 2023- Comvest Partners ("Comvest"), a middle-market private investment firm, is pleased to announce the execution of a definitive agreement to sell Systems Control (the "Company") to Hubbell Incorporated (NYSE: HUBB), a leading manufacturer of utility and electrical solutions. Systems Control has been a portfolio company in Comvest's private equity strategy since 2018. The transaction is expected to close by the end of the year. Systems Control, established in 1962, is a leading manufacturer of substation control and relay panels as well as turnkey substation control building solutions for the electric transmission and distribution industry. The Company's highly engineered offerings are mission-critical to grid reliability, enabling utility customers to protect and control substation infrastructure while detecting faults and controlling the flow of electricity. The Vice President at Comvest, Kenny Nickens, said that Comvest invested in Systems Control in partnership with management with a shared vision of scaling the Company as a best-in-class turnkey provider of end-to-end substation control solutions. The Company is proud of the great relationship we built with the Systems Control team and the successes we achieved together. The Managing Partner at Comvest, Maneesh Chawla, said that this successful outcome highlights Comvest's expertise in helping companies achieve their growth objectives, as well as the Company's investment leadership in the infrastructure services space. They are happy for the Company's future as part of Hubbell.
October 2023- In continued partnership with federal, state, and county agencies, and with the clearance to re-enter parts of Lahaina, Hawaiian Electric is continuing urgent restoration work to restore power to all remaining customers in the Lahaina area and rebuild portions of the damaged electric system to ensure safe and reliable power to West Maui customers spanning from Olowalu to Kapalua. As of Aug. 25, Hawaiian Electric crews had completed repairs to bring over 95 percent of those Maui customers who were affected by outages in West Maui and Upcountry back online.
Top listed global companies in the industry are:
Electrical Substation Management Market Highlights:
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