Madison Street Capital Advises on Sale of Pittsburgh Electrical Insulation to EIS

Madison Street Capital Advises on PEI Sale

In a significant development in the electrical insulation sector, Madison Street Capital, a renowned international investment banking firm, has acted as the exclusive financial advisor in the acquisition of Pittsburgh Electrical Insulation (PEI) by Electrical Insulation Suppliers (EIS), a portfolio company of Searchlight Capital Partners. This strategic transaction, announced recent by Charles Botchway, CEO of Madison Street Capital, highlights the firm's prominent role in facilitating mergers and acquisitions within the industrial sector.

Pittsburgh Electrical Insulation, established in 1947 and based in Munhall, Pennsylvania, has long been recognized as a leader in manufacturing, converting, and distributing industrial-grade electrical insulation products. Over the decades, PEI has built a strong reputation for its commitment to quality, reliability, and customer service, making it a trusted partner for various original equipment manufacturers and repair markets.

The acquisition by EIS Inc, headquartered in Atlanta, Georgia, marks a vital step in the expansion of EIS’s product offerings and capabilities. EIS, which has transformed from a small family-owned business established in 1946 to a leading specialty distributor of electrical materials across North America, views this acquisition as an opportunity to leverage PEI’s expertise and extensive inventory network.

Charles Botchway expressed his enthusiasm about the transaction, stating, "It's been an honor to advise Pittsburgh Electrical Insulation on this transaction, further highlighting Madison Street Capital's extensive expertise in the industrials sector. We look forward to seeing them continue to build upon their remarkable success in the years to come."

Tip Paul, CEO of PEI, shared insights from the family perspective, remarking, "After 78 years, my family and I are pleased to announce PEI Corp. has been acquired by the EIS Division of Searchlight Capital. We feel fortunate to have collaborated with a seasoned banker to navigate this sale process, ensuring our specialized company will continue to thrive in a rapidly changing marketplace. A heartfelt thank you goes to our loyal associates, law, and finance teams, friends, and family advisors who supported us throughout this journey."

Peter Phillips, Managing Director at Madison Street Capital, echoed the sentiment, stating, "PEI is an exceptional acquisition by EIS and Searchlight. The company’s nearly century-long history as a family-owned niche manufacturer of electrical insulation products reflects its incredible legacy. We are delighted to have achieved a result that does justice to this history."

About Madison Street Capital

Madison Street Capital is a well-respected international investment bank specializing in mergers and acquisitions, corporate financial advisory services, and valuation services. With its unwavering commitment to integrity, excellence, and leadership, Madison Street Capital has earned the trust of clients worldwide through a dedication to high professional standards. The firm aims to position clients for success in the global marketplace, addressing a range of objectives from financial advisory to ownership transfers.

About Pittsburgh Electrical Insulation (PEI)

Founded in 1947, PEI has established itself as a leading manufacturer and distributor of industrial-grade insulation products in the United States. The company operates from a well-stocked inventory and a global supplier network, catering to both OEM and repair markets. This acquisition by EIS opens a new chapter for PEI, ensuring continued growth and innovation.

About Electrical Insulation Suppliers (EIS)

Founded in 1946, EIS began as a small family-owned business serving local motor repair shops in Atlanta. Today, it stands as North America’s premier specialty distributor of electrical process materials, extending its services to various critical markets, including transformers and electric motors, as well as emerging sectors like alternative energy and eMobility.

For further insights into this acquisition and both companies’ roles in the electrical materials industry, visit Madison Street Capital, PEI, and EIS.