nVent – nVent to Acquire the Electrical Products Group Business of Avail Infrastructure Solutions

EMR Analysis

More information on nVent: See full profile on EMR Executive Services

More information on Beth Wozniak (Chair & Chief Executive Officer, nVent): See full profile on EMR Executive Services

More information on Sara Zawoyski (Executive Vice President & Chief Financial Officer, nVent): See full profile on EMR Executive Services

More information on Trachte, LLC by nVent: See full profile on EMR Executive Services

More information on Shawn Smith (Chief Executive Officer, Trachte, LLC, nVent): See full profile on EMR Executive Services

 

 

More information on Avail Infrastructure Solutions: https://www.availinfra.com/ + Avail Infrastructure Solutions builds and maintains the world’s infrastructure. Our six business units — Enclosure Systems, Switchgear Systems, Bus Systems, Critical Power Systems, Rig-A-Lite, and WSI — engineer and build custom solutions for our customers in the power generation, transmission, and distribution; data center; oil and gas; and industrial markets. Avail Infrastructure Solutions has over 1,750 employees and operates through a global network of 15 strategically located manufacturing facilities.

More information on EPG by Avail Infrastructure Solutions: https://www.availinfra.com/press_release/avail-infrastructure-solutions-announces-sale-of-electrical-products-group-epg/ + Avail’s EPG business unit is a leading provider of specialized products and solutions designed to support industrial and electrical applications. EPG is dedicated to delivering safe and reliable transmission of power from generation sources to end customers serving critical infrastructure in a variety of markets worldwide. EPG operates a portfolio of custom switchgear, electrical enclosures and medium and high-voltage bus ducts through its various entities, including CGIT Systems LLC, The Calvert Company LLC, Central Electric Mfg. Company LLC and Atkinson Industries LLC, among others.

The Electrical Products Group (EPG) is a leading provider of infrastructure solutions, designed to help ensure safe and reliable electrical operations primarily in the infrastructure vertical, including power utilities and data centers. 

The Electrical Products Group (EPG) business is a leading North American provider of infrastructure solutions, designed to help ensure safe and reliable electrical operations primarily in the infrastructure vertical, including power utilities and data centers, with approximately 1,100 employees and nine manufacturing locations in the United States. Electrical Products Group estimates revenues of approximately $375 million in the 12 months ending February 28, 2025, and has a strong backlog.  

More information on William Johnson (Chief Executive Officer, Avail Infrastructure Solutions): https://www.availinfra.com/company-leadership/ + https://www.linkedin.com/in/william-johnson-09a8816/ 

More information on Jeremy Hoffman (Chief Operating Officer and President, Avail Electrical Products Group, Avail Infrastructure Solutions): https://www.availinfra.com/company-leadership/ + https://www.linkedin.com/in/jeremy-hoffman-a2870578/ 

 

 

 

 

 

 

 

EMR Additional Notes:

• Switchgears:
  • Broad term that describes a wide variety of switching devices that all fulfill a common need: controlling, protecting, and isolating power systems. This definition can be extended to include devices to regulate and meter a power system, circuit breakers, and similar technology.
  • Switchgear contains fuses, switches, and other power conductors. However, circuit breakers are the most common component found in switchgear.
  • Performs the function of controlling and metering the flow of electrical power in addiction to acting as interrupting and switching devices that protects the equipment from damage arising out of electrical fluctuations.
  • There are three types of switch gears namely LV (Low voltage), MV (Medium voltage) and HV (High voltage) Switchgear.
• Circuit Breakers:
  • Mechanical electrical switch designed to protect an electrical circuit from damage caused by overcurrent/overload or short circuit. Its basic function is to interrupt current flow after protective relays detect a fault.
  • By definition a circuit breaker is an electrical safety device, a switch that automatically interrupts the current of an overloaded electric circuit, ground faults, or short circuits.
• Fuses:
  • Single time mechanical circuit interruption in an over-current situation through fusion of a graded electrical conductor. Employed in 30KV to 100KV range.
  • Electrical safety device that operates to provide overcurrent protection of an electrical circuit. Its essential component is a metal wire or strip that melts when too much current flows through it, thereby stopping or interrupting the current.
• Fuse Switch-Disconnector:
  • Fuse switch disconnector combines the functions of a fuse and a switch disconnector; It provides overcurrent protection like a fuse, and it also allows for manual disconnection of the circuit for isolation purposes.
• ACB (Air Circuit Breakers): 
  • Uses air as insulating medium.
  • Air circuit breaker is a circuit breaker for the purpose of protecting low voltage circuit, mainly for energizing and cutting off high current
• VCB (Vacuum Circuit Breakers): 
  • Vacuum is used as the means to protect circuit breakers.
  • Circuit breaker where the arc quenching takes place in a vacuum medium. The operation of switching on and closing of current carrying contacts and interrelated arc interruption takes place in a vacuum chamber in the breaker which is called a vacuum interrupter.
• AIS (Air Insulated Switchgears):
  • Air is used for insulation in a metal-clad system
  • Secondary power distribution device and medium voltage switchgear that helps redistribute the power of a primary power distributor powered by a high voltage distribution transformer. AIS controls, protects and isolates electrical equipment in power transmission and distribution systems.
• GIS (Gas Insulated Switchgears): 
  • All working components assembled under SF6 (Sulfur Hexafluoride HV Switchgears) gas-tight casing.
  • Compact metal encapsulated switchgear consisting of high-voltage components such as circuit-breakers and disconnectors, which can be safely operated in confined spaces.
• OCB (Oil Circuit Breakers): 
  • Vapors a portion of oil to blast a jet of oil through the arc.
  • Circuit breaker which uses insulating oil as an arc quenching medium
• Hybrid Circuit Breakers:
  • Combines Air-insulated and SF6 Gas-insulated technologies.
• MCB (Miniature Circuit Breakers): 
  • Employed in domestic households to safeguard against overload. Rated current max. 100 A.
  • Electrical switch that automatically switches off the electrical circuit during an abnormal condition of the network means an overload condition as well as a faulty condition. Nowadays we use an MCB in a low-voltage electrical network instead of a fuse.
  • Circuit breakers have a tripping relay mechanism, while MCB has a tripping release mechanism. Circuit breakers have a high rupturing capacity, but the MCB has a low rupturing capacity. Circuit breakers are used in High Voltage systems, while MCBs are used in Low Voltage systems.
• RCCB (Residual Current Circuit Breakers): 
  • To safeguard against electrical shock arising out of indirect contact and includes the detection of residual current such as earth leakage.
  • Current sensing device, which can automatically measure and disconnect the circuit whenever a fault occurs in the connected circuit or the current exceeds the rated sensitivity.
• MCCB (Molded Case Circuit Breakers): 
  • Incorporates insulating material in the form of molded casing within circuit breaker. Rated current up to 2,500 A.
  • MCCB has a higher interrupting capacity, meaning it can handle larger loads than a conventional breaker. Generally, a standard breaker is used for residential and light commercial applications, while an MCCB is suitable for industrial and heavy commercial applications.
• Disconnectors: 
  • Automatic switching device that offers specific isolating distance on the basis of specific requirements.
  • Disconnectors (also known as Isolators) are devices which are generally operated off-load to provide isolation of main plant items for maintenance, or to isolate faulted equipment from other live equipment.
• Contactors: 
  • Works alike high-current switching systems but at higher voltage rates. Contactors can however not be utilized as disconnecting switches. Contactors are employed in 30KV to 100KV range.
  • Special type of relay used for switching an electrical circuit on or off.
  • Electrical device that is widely used for switching circuits on and off. As such, electrical contactors form a subcategory of electromagnetic switches known as relays. A relay is an electrically operated switching device that uses an electromagnetic coil to open and close a set of contacts.
• PTCB eFuse Circuit Breaker:
  • Electronic micro fuse for DIN rail protecting electronically nominal currents below 1A to facilitate the clear detection of faults and supports precise fault localization and fast recovery. Response times are shorter compared to conventional fuse protection and the exact current value can be adjusted at any time
• RCD (Residual Current Devices): 
  • Sensitive safety device that switches off the electricity within 10 to 50 milliseconds if there is an electrical fault. An RCD is is designed to protect against the risks of electrocution and fire caused by earth faults.
  • The difference between a circuit breaker and an RCD switch is the purpose of a circuit breaker is to protect the electrical systems and wiring in a home while the purpose of an RCD switch is to protect people from electrocution.
• RCBO (Residual Current Breaker with Over-Current): 
  • RCDs can protect against electric shocks, residual currents, and earth faults. On the other hand, RCBOs can do what RCDs can do and protect a circuit from short circuits and overload. RCBOs are essentially a combination of MCB and RCCB.
  • An RCBO protects electrical equipment from two types of faults; residual current and over current. Residual current, or Earth leakage as it can sometimes be referred to, is when there is a break in the circuit that could be caused by faulty electrical wiring or if the wire is accidentally cut.
• Ring Main Unit (RMU):
  • Medium voltage, gas-insulated, fully sealed cabinet used to measure, connect, and integrate transformer protection functions with a fixed type breaker. Ring Main Units are safe, reliable, low-maintenance, and easy to replace switchgear.
  • A ring main unit (RMU) is a factory assembled, metal enclosed set of switchgear used at the load connection points of a ring-type distribution network.
• Load Center – Panel Board – Switch Board – Distribution Cabinet – Distribution Box:
  • A load center is used in residential and light commercial applications to distribute electricity supplied by the utility company throughout the home or building to feed all the branch circuits. Each branch circuit is protected by the circuit breaker housed in the load center.  In the event of a short circuit or an overload on a branch circuit, the circuit breaker will cut the power before any potential property damage or personal injury can occur.
  • A load center provides similar functionality in a power distribution system as a switchboard and a panelboard. As far as UL and the NEC standards are concerned, there is no difference between a panelboard and a load center.
  • However, Panelboards are typically deeper than load centers and can accommodate both bolt-on circuit breakers as well as plug-in breakers, whereas a load center is limited to plug-in breakers.
  • Switchboards are often the typical choice for industrial establishments. These panelboards generally house circuit breakers that can manage and supply electricity for machines with high-voltage demands.
  • Panelboards are only accessible from the front (as mentioned above), but switchboards allow rear access as well.
  • In terms of use, distribution boxes are generally used for households, and distribution cabinets are mostly used for centralized power supply. Distribution boxes and cabinets are complete sets of equipment. Distribution boxes are low-voltage complete sets of equipment. Cabinets have both high and low voltages.

• Solid-State Circuit Breakers:
  • Solid-state device, electronic device in which electricity flows through solid semiconductor crystals (silicon, gallium arsenide, germanium) rather than through vacuum tubes.
  • The solid-state breaker concept replaces the traditional moving parts of an electromechanical circuit breaker with semiconductors and advanced software algorithms that control the power and can interrupt extreme currents faster than ever before.
• Pad-mount Switchgear:
  • The pad-mount switchgear is made from the same modular switch and interrupter components as the vault switchgear. This means all components are sealed, submersible and protected, so you don’t have to worry about tracking, animal infestation, corrosion or the effects of condensation inside the enclosure.

 

 

• Busbar – Busway – Bus Plugs:
  • A busbar is a rigid piece of copper or aluminum, bolted or housed inside switchgear, panel boards, and busway enclosures used to carry large amounts of current / to distribute ac power to the rows of circuit breakers
  • Quite often, busbars have no insulation—they’re protected by a separate enclosure.
  • Busbars are the backbones for most power applications, providing the critical interfaces between the power module and the outside world.
  • They are also used to connect high voltage equipment at electrical switchyards, and low voltage equipment in battery banks.
  • Bus plugs are large electrical power connections that contact bus duct or busway conductors to serve connected electrical loads — thereby supplying localized power to industrial equipment.
  • A typical bus plug consists of:
    • Copper conductor plates.
    • A plug or bolt-in clamps to physically contact the busway.

 

 

 

 

• OEM (Original Equipment Manufacturer):
  • Company that produces parts and equipment that may be marketed by another manufacturer.
  • Usually tagged on hardware or software that’s less expensive than normal retail products.
  • An OEM refers to something made specifically for the original product, while the aftermarket refers to equipment made by another company that a consumer may use as a replacement.
  • Electrical OEM manufacturers makes equipment or components that are then utilized by its customer, another manufacturer or a reseller, usually under the final reseller’s brand name. OEMs come in many shapes and sizes, making complete devices or specific components.
• MRO (Maintenance, Repair and Operations):
  • It refers to all the activities needed to keep a company’s facilities and production processes running smoothly.
  • Supplies consumed in the production process that do not become part of the end product.
  • Maintenance professionals use MRO items to maintain company structures, equipment, and assets. Purchases that fall under MRO include maintenance tools and equipment, replacement parts for production equipment, consumables such as personal protective equipment (e.g., safety goggles, work gloves), cleaning products and office supplies.
• Integrated Supply:
  • Integrated supply chain management refers to an enterprise resource planning approach to supply chain management.
  • Large-scale business strategy that brings as many links of the chain as possible into a closer working relationship with each other. The goal is to improve response time, production time, and reduce costs and waste.
  • Often takes the form of integrated computer systems. For example, the supplier’s computer system may be set up to deliver real-time data to the buyer’s computer. This allows the buyer to know: The current status of all orders., which products are in the supplier’s inventory …
  • Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
  • Integrated supply is the end-to-end process of managing the MRO supply chain (spare parts) through consolidated sourcing practices, storeroom operations, inventory management, data governance, and continuous improvement. The objective is to leverage spend, reduce transactions, and cut inventory and associated costs while eliminating risk around critical spares.

 

 

• EPC (Engineering, Procurement and Construction): 
  • An Engineering, Procurement and Construction Contract (“EPC Contract”), occasionally known as a “Turnkey Contract”, is a construction contract where the contractor (“EPC Contractor”) holds the responsibility towards the design, procurement, construction, commissioning and handover of a project (“Project”).
  • An EPC contractor performs the engineering, procurement and construction scope(s) for a project, i.e. the EPC executes the actual work.
• Engineering, Procurement, Construction and Installation (EPCI):
  • Also referred to as an engineering, procurement, construction and installation contract, this is a contract under which a principal engages a contractor to design, build, deliver and install the asset in order for it to be operational.
  • EPCI contracts are often used for large-scale mining infrastructure such as mineral processing plants.
  • EPCI contracts are complex because they encompass the design, detailed engineering and construction of infrastructure, including the supply of materials and services (for example, testing and installation) to ensure the smooth operation of the infrastructure.
  • Under an EPCI contract, the contractor may perform all the services itself; however, EPCI contracts usually give the contractor a right to subcontract part of the work.
  • However, the contractor bears the project risk because most EPCI contracts are for a fixed price (irrespective of subcontractor agreements) and based on a schedule mutually agreed in the EPCI contract. The contract price paid by the principal to the contractor is usually paid in stages on the completion of certain project milestones.

 

 

• EBITA:
  • Earnings before interest, taxes, and amortization (EBITA) is a measure of company profitability used by investors. It is helpful for comparing one company to another in the same line of business.
  • EBITA = Net income + Interest + Taxes + Amortization
• EBITDA: 
  • Earnings before interest, taxes, depreciation, and amortization (EBITDA) is an alternate measure of profitability to net income. By including depreciation and amortization as well as taxes and debt payment costs, EBITDA attempts to represent the cash profit generated by the company’s operations.
  • EBITDA and EBITA are both measures of profitability. The difference is that EBITDA also excludes depreciation.
  • EBITDA is the more commonly used measure because it adds depreciation—the accounting practice of recording the reduced value of a company’s tangible assets over time—to the list of factors.
• EV/EBITDA (Enterprise Multiple):
  • Enterprise multiple, also known as the EV-to-EBITDA multiple, is a ratio used to determine the value of a company.
  • It is computed by dividing enterprise value by EBITDA.
  • The enterprise multiple takes into account a company’s debt and cash levels in addition to its stock price and relates that value to the firm’s cash profitability.
  • Enterprise multiples can vary depending on the industry.
  • Higher enterprise multiples are expected in high-growth industries and lower multiples in industries with slow growth.