Calfee Congratulates Our Client Powercon Corporation on Its Sale to Electro-Mechanical, LLC, an Oaktree Portfolio Company

Calfee congratulates our client Powercon Corporation on its sale to Electro-Mechanical, LLC, a portfolio company of Oaktree Capital Management, L.P. This acquisition strengthens Electro-Mechanical's capabilities and provides Powercon with valuable resources to support its long-term growth, while preserving its culture and legacy of delivering high-quality solutions and services. EdgePoint Capital Advisors LLC served as the exclusive financial advisor to Powercon Corporation in connection with the sale. Financial terms of the transaction were not disclosed.

Calfee served as legal counsel to Powercon Corporation in this transaction. Calfee's legal team was led by Brent M. Pietrafese, Partner and Co-Chair of the firm's Corporate and Finance practice group and included Corporate and Finance Partners Gwen Gillespie Herman and Michael K. (Mike) Gall and Associate Attorneys Anthony J. (Tony) Cox and Daniel J. (Danny) O'Malley. The deal team was assisted by Antitrust Partner Maura L. Hughes, Employee Benefits and Executive Compensation Partner Jason A. Rothman and Associate Attorney Nicolette T.E. Cregan, and Real Estate Senior Counsel Elizabeth (Lisa) Zoller Golish.

Powercon Corporation, based in Severn, Maryland, was established in 1959, and specializes in the engineering and production of medium voltage metal-clad and metal-enclosed switchgear, fully integrated power distribution centers, load-break switches, high-resistance grounding systems, and circuit breaker racking systems. EdgePoint served as the exclusive financial advisor to Powercon Corporation in this transaction.

EdgePoint Capital Advisors LLC is a leading boutique investment banking firm focused on providing middle market business owners with mergers and acquisition advisory services.

Electro-Mechanical, LLC is based in Bristol, Maryland and was established in 1958. Employing more than 700 people, the company is one of the largest privately owned producers of medium voltage switchgear and power distribution in the U.S., with products marketed under brands such as Federal Pacific, Line Power, Mirus International, GidConnex, and Coordinated Designs & Controls. Electro-Mechanical is a portfolio company of Oaktree.

Oaktree Capital Management, L.P. is a Los Angeles, California-based global investment management firm with $209 billion in assets under management (as of June 30, 2025) and 1,450 employees in offices spanning 26 cities worldwide.

Read the full news release.

With 45+ dedicated attorneys, the Corporate and Finance practice group at Calfee, Halter & Griswold LLP is one of the largest and most prolific in Ohio, handling a significant number of complex and sophisticated business and financial transactions for clients across the country and globally.

Calfee has a sophisticated and robust Mergers and Acquisitions, Divestitures, and Sales practice, annually consummating 60-75 M&A transactions, led by an active private equity client base and a large roster of public and significant privately held corporate clients. These financial and strategic buyers, coupled with our deep investment banking representations and relationships, drive a thriving and diverse M&A practice at Calfee.

Calfee's Private Equity team - comprised of more than 30 corporate, securities, tax, and employee benefits attorneys - is dedicated to getting the deal done while remaining responsive, creative, and efficient in negotiating and closing transactions for clients.

You May Also Be Interested In