Thomas & Betts Corporation (NYSE:TNB) has announced its acquisition of the net assets of JT Packard & Associates, Inc. JT Packard & Associates is a leading independent service provider for critical power equipment for industrial and commercial enterprises. The net purchase price of the acquisition was $22 million, which is subject to customary post closing adjustments.
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JT Packard & Asosciates is based in Madison, Wisconsin. It’s primary business is a preventative maintenance and emergency service for UPS, PDU, DC plant and STS. It’s services are used to ensure consistent and high quality power flow to data centers in a variety of industrial and commercial market segments.
Thomas & Betts Corporation (Thomas & Betts) is a designer and manufacturer of electrical components used in industrial, construction, retail, utility and communications markets. The Company also produces highly engineered steel structures, used primarily for utility transmission and commercial heating units. Manufacturing, marketing and sales activities are concentrated primarily in North America and Europe. Thomas & Betts sells its products through three channels: electrical, utility, telephone, cable, and heating, ventilation and air-conditioning distributors; mass merchandisers, catalog merchandisers and home improvement centers, and directly to original equipment manufacturers (OEM’s), utilities and certain end users. It classifies its products into three segments: Electrical, Steel Structures, and Heating, Ventilation and Air-Conditioning (HVAC). In January 2008, the Company acquired The Homac Manufacturing Company and Boreal Braidings Inc.
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