The LFM Quarterly // Inside LFM: PSI Power & Controls
Spotlight on PSI Power & Controls, an LFM Portfolio Company since 2020
PSI Power and Controls
PSI manufactures custom electrical control panels and emergency power products across two divisions: Automation and Controls Solutions (“ACS”) and Emergency Power Products (“EPP”).
ACS provides large industrial OEMs with customized control panels focused on energy efficiency, motion control, and automation; includes low voltage starters, variable frequency drive panels.
EPP targets electrical distributors, electrical contractors, healthcare (hospitals and outpatient surgery centers), data centers, retail, and other end markets where backup or temporary power sources are required to mitigate costly downtime due to power loss. Some of its products include power metering equipment, generator tap boxes, connection cabinets, manual transfer switches, load bank connection cabinets, disconnect switches, enclosed circuit breakers, dual-purpose docking stations, and company switches.
What truly differentiates PSI is their commitment to "speed to the market and service to the customer" with their highly customized products, quick turn, high engagement, and highly technical engineering team. PSI builds customized customer-specific applications and technology.
PSI's 60th Anniversary
In order to better reflect company values and what the company is today, they have rebranded under the “PSI Power & Controls” brand name with a new company logo and website. They are still the same passionate people for service, with some great new products, and a dedication to excellence in all areas. PSI is constantly adding new products and solutions to grow within the market. As they celebrate their 60th year in business, they remain focused on the pillars and values that made PSI what it is today and look forward to another 60 successful years. The job tenure numbers at PSI speak for themselves, regarding what a strong and committed team they are!
By the Numbers:
Within the walls of PSI are over 400 combined years of experience in the power solutions industry and at PSI.
18% of the team has been with PSI for over 10 years.
7% of the team has been with PSI for over 25 years!
PSI Power & Controls understands the necessity for the ability to connect. Their experience in the field, with valued customers, and with UL-listings, makes them the ideal partner in the Emergency Power Products space.
New Faces
Lexy Manos - Associate
Prior to LFM, Lexy was an Investment Banking Analyst in the Industrials group at Houlihan Lokey in Washington, DC. While at Houlihan Lokey, Lexy focused on quantitative analysis and deal execution for middle-market M&A transactions in the Aerospace, Defense, and Government Services sector. At LFM, Lexy is focused on deal evaluation and execution.
For Lexy's full bio, click here.
Rosemary Purrington - Investment Support Specialist
Prior to LFM, Rose worked in deal diligence support at Berkshire Partners, a Boston-based private equity firm, where she worked mainly on initial company and industry research projects. Before that, Rose supported the private equity team at The Baupost Group, a Boston-based hedge fund.
For Rose's full bio, click here.
Dalton Gullett - Associate
Prior to LFM, Dalton was an Investment Banking Analyst at J.P. Morgan in New York, where he focused on middle-market M&A transactions across a wide range of industries. In a previous role at J.P. Morgan, Dalton worked on lending for middle-market companies. At LFM, Dalton is focused on deal evaluation and execution.
Check Out Fecon's latest video "We’re Keeping Everything at Home" Video — LFM is proud to be a part of their story!
Out and About with LFM Business Development Associate, David Juneau
Captions (clockwise from top-left)
David operates his first stand-on skid steer at Utility Expo in Louisville, KP
A view of the Chicago River captured during David's visit to FABTECH 2021 in Chicago, IL
David at a Viking's game in Minneapolis during a visit to LFM portfolio company, ShopSabre
After attending the ATX West show in Anaheim, David enjoyed a weekend at the beach
At the Nashville Sounds Stadium (center) David stepped up to the plate during a team-building event at the Nashville Sounds stadium
ABOUT LFM CAPITAL
LFM Capital is a private equity firm based in Nashville, Tennessee. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies.