Wednesday 23rd August, 2017
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raleigh-gridbridge-acquired-by-tennessee-manufacturer

Raleigh's GridBridge acquired by Tennessee manufacturer

Business Journal - Tuesday 20th June, 2017

A Raleigh firm looking to power everything from spaceships to electrical grids has been acquired.

GridBridge is being bought out by Dyersburg, Tennessee-based ERMCO, a manufacturer of distribution transformers and transformer components.

GridBridge CEO Chad Eckhardt declined to disclose the financials behind the deal, saying 'it's a good deal for employees, for our customers and for our investors.'

The two companies have been in a working relationship for well over a year, Eckhardt says....

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