OpenGate Capital Portfolio Company, Power Partners, Inc., Provides Critical Support Following Aftermath of Hurricane Irma

Staff Report From Athens CEO

Tuesday, October 24th, 2017

OpenGate Capital, a global private equity firm, announced in a joint statement with its portfolio company, Power Partners, Inc., a US-based manufacturer of distribution transformers, that PPI has completed a nearly unprecedented manufacturing run to meet the critical demands of its customers who were severely impacted by Hurricane Irma.

Not since Hurricane Katrina has PPI encountered such a high volume of immediate demand for its products. Despite its own employees enduring a loss of power at their residences for 48 hours, the team at PPI worked continuously for more than three weeks, 24 hours a day, to meet the demand of its customers. In this period, over 5,000 liquid distribution transformers were shipped to PPI customers in Florida and PPI’s home state of Georgia which had also suffered power loss caused by high winds and downed trees.

Scott Childs, Director of Sales and Marketing at PPI, said, “PPI has many alliance partners in the regions that were hit by Hurricane Irma. Even though many on our own team were personally impacted, we recognized the greater needs of our customers and worked around the clock to produce a tremendous volume of units.”

Koben Miceli, PPI’s Chief Executive Officer, said, “While restoring power was just one part of a massive recovery effort, we are incredibly proud that we were able to help our partners and their customers in the aftermath of the hurricane. One of PPI’s seven value charters is thrill the customer and rise to the challenge. Our team members definitely rose to the challenge, working diligently to serve our customers most in need.”

Within the first 24 hours of running continuous operations, PPI customers were quick to share their gratitude. A customer at Florida-based electricity company serving central Florida wrote an email in the days following the delivery of PPI transformers that read, “I just wanted to take a second to thank you for your efforts in supporting us! I am grateful for all that you are doing in supporting us to get transformers shipped and power back on.”