Eaton
Eaton is a global technology leader specializing in electrical components and systems, hydraulics, aerospace systems, and automotive drivetrain solutions. Founded in 1911 by Joseph Eaton, the company originally focused on truck axles and has since evolved into an industrial powerhouse through strategic acquisitions. Eaton's portfolio can be broadly divided into two main segments: electrical and industrial. The electrical sector, which accounts for approximately 70% of its revenue, provides products for data centers, utilities, and both commercial and residential buildings. The industrial segment, contributing around 30% of revenue, supplies components for commercial and passenger vehicles as well as aircraft. With around 70,000 employees, Eaton serves customers in over 150 countries, offering sustainable power management solutions that help clients efficiently manage their energy needs.
Past deals in Utilities
Fibrebond
Acquisition in 2025
Fibrebond, established over three decades ago, is a family-owned manufacturer specializing in custom-engineered structures. They focus on precast concrete and steel solutions, serving data centers, fiber, industrial, and utility markets. Known for their durability and safety, Fibrebond's modular structures are designed to withstand harsh environments. Initially, they pioneered solutions for the emerging telecommunications industry. Today, they also cater to large-scale solar utility and power projects.
Treehouse
Series A in 2024
Treehouse is a venture-backed software-enabled home electrification startup focused on delivering turnkey EV charging solutions to EV buyers at the point of sale.
Jiangsu Ryan Electric
Post in 2023
Jiangsu Ryan Electric is a manufacturer of power transformers and box-type substations.
ChargeLab
Series A in 2023
ChargeLab Inc. is a Toronto-based company that specializes in developing software for electric vehicle (EV) charging stations. Founded in 2015, ChargeLab's hardware-agnostic platform enhances the functionality of various EV chargers, making them smarter and easier to operate. The company's software solutions enable clients, including government entities, multinational real estate investment trusts, parking operators, and property managers, to efficiently manage and monetize their charging stations as part of an integrated network. By providing an affordable turnkey service that includes hardware, software, and installation, ChargeLab facilitates the deployment of large numbers of chargers, optimizing their operation and usage.
Tripp Lite
Acquisition in 2021
Tripp Lite is a Chicago-based manufacturer specializing in power protection and connectivity solutions for a diverse range of applications, including home, small to medium businesses, data centers, and medical institutions. Founded in 1922, the company offers an extensive product line that features uninterruptible power supply (UPS) systems, surge suppressors, KVM switches, rack enclosures, cooling solutions, power distribution units (PDUs), cables, inverters, and power strips. By designing and developing a wide array of electrical equipment, Tripp Lite effectively meets the power and connectivity needs of both industrial and individual customers.
Innovative Switchgear designs
Acquisition in 2019
Innovative Switchgear Designs, a subsidiary of Eaton Corporation, specializes in the manufacture of medium-voltage electrical equipment, primarily serving the North American utility, commercial, and industrial markets. Established in 2012 and headquartered in Dacono, Colorado, the company provides a diverse range of switchgear products with voltage ratings from 4kV to 27kV. These products are designed to meet safety and environmental standards, ensuring reliable and efficient operation for utility providers.
Atom Power
Series A in 2017
Atom Power, based in Charlotte, North Carolina, specializes in manufacturing intelligent electrical management solutions for commercial and industrial applications. Founded in 2014, the company produces a suite of products including Atom Switch, a circuit breaker designed to manage electricity flow and protect against surging currents; Atom Panel, a distribution panel; and Atom OS, software that controls and customizes electrical infrastructure. Additionally, Atom Power develops integrated EV charging solutions that optimize performance and safety by centralizing charging and control into one solution.
Rolec Comercial e Industrial
Acquisition in 2012
Rolec Comercial e Industrial is a manufacturer of integrated power assemblies and low-voltage and medium-voltage switchgear, and a provider of engineering services, serving mining and other heavy industrial applications in Chile and Peru. The deal is subject to customary closing conditions.
Cooper Industries
Acquisition in 2012
Cooper Industries is a global manufacturer specializing in electrical components and tools. The company operates through eight divisions, which include Bussmann for electrical and electronic fuses, Crouse-Hinds and CEAG for explosion-proof electrical equipment, and Halo and Metalux for lighting fixtures. Additionally, Cooper produces power system products under the Kyle and McGraw-Edison brands. A significant portion of its sales, approximately sixty-one percent, is generated from industrial and utility sectors, with a notable thirty-seven percent coming from international markets. The company has manufacturing facilities in 23 countries and employs over 25,000 individuals worldwide, positioning itself as a key player in the electrical products industry.
E.A. Pedersen
Acquisition in 2011
E.A. Pedersen Co. manufactures electrical transmission and distribution equipment for utilities and industries worldwide. It offers metalclad switchgears, bus ducts, power control buildings, and control and relay panels.
IE Power
Acquisition in 2011
IE Power Inc. is a manufacturer and designer of power converters, specializing in both DC and AC solutions. The company produces a range of products, including DC to AC and DC to DC inverters, battery chargers, industrial uninterruptible power supplies (UPS), frequency converters, breaker test equipment, and grid-connected converters. IE Power also provides system simulation, technical training, and spare parts support services. Its high-power inverters cater to various applications, such as battery energy storage, solar, and wind energy, with capacities ranging from 100 kilowatts to 5 megawatts, and can support installations up to tens of megawatts. The company serves a diverse clientele, including Mitsubishi and eTec, and operates across multiple sectors, including electrical utilities, high energy physics, military, wind, and marine industries.
Moeller Holding Gmbh & Co. KG
Acquisition in 2008
.Moeller Holding Gmbh & Co. KG manufactures, markets, and sells systems and components concerned with power distribution and automation in industrial, infrastructure and residential building applications in Germany and internationally.
Phoenixtec Power
Acquisition in 2007
Phoenixtec Power Co., Ltd. manufactures medium and large size UPS. The company offers indoor and outdoor inverters, and accessories.
Marina Power and Lighting
Acquisition in 2006
Marina Power and Lighting, Inc. manufactures weatherproof electrical equipment for boat owners and marina operators. It offers marine products, such as shore power pedestals, electrical distribution substations, and marine power and lighting equipment, as well as products for fire and rescue needs.
Eaton-Powerware
Acquisition in 2004
Powerware Corporation designs, manufactures, markets, and services uninterruptible power systems. Powerware Corporation is a global market leader in Uninterruptible Power Systems (UPS), DC Power products, and power quality services. The company had estimated revenues for the year ended March 31, 2004 of approximately $775 million. Its products, solutions and services have a wide range of commercial, industrial, governmental and institutional applications.
Electrum Group
Acquisition in 2004
Electrum Group Ltd. provides power management services and web-based software for telecommunications and government applications.
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