Private equity firm Graycliff Partners LP completed the acquisition of Bristol, Virginia-based Electro-Mechanical Corp. (EMC). Founded in 1958 by Frank Leonard, EMC manufactures medium-voltage electric equipment, primarily switchgears, transformers and custom systems. The company has two leading brands, Federal Pacific and Line Power, the latter is well-known among underground coal operators in the U.S.

“The EMC team is very excited to partner with Graycliff for this next chapter in the company’s history,” EMC CEO Howard Broadfoot said. “EMC has established itself as a trusted partner in the electrical distribution business, and we are excited to leverage Graycliff’s guidance and resources to further grow the company in the years to come.”

“EMC has an impressive history and strong reputation as a key player in electrical power distribution infrastructure. We are excited to honor the legacy of Frank Leonard and continue to drive growth at EMC,” said Andrew Trigg, managing partner, Graycliff.

EMC is the fourth investment in Graycliff’s fourth private equity fund, Graycliff Private Equity Partners IV LP. The current fund is a continuation of the firm’s strategy of making equity investments in lower middle market companies, with a focus on acquiring and/or partnering with founder and family-owned businesses in the manufacturing, business services and value-added distribution sectors.