Bertram Capital's Former Portfolio Company, PDI Ranked #300 in Deloitte's 2011 Technology Fast 500™
By: Amit Kothiyal
Submitted: 2012-01-05 05:59:17 | Word Count: 471
Power Distribution, Inc. (PDI), a leading provider of mission-critical power distribution equipment for data centers, alternative energy, industrial, and commercial power markets, and former portfolio company of Bertram Capital, recently announced it ranked Number 300 on Deloitte's Technology Fast 500™ ranking of the 500 fastest growing companies in North America.
"Bertram Capital is proud to have sponsored the team at PDI that produced these outstanding results," said Jeff Drazan, Managing Partner at Bertram Capital. "A significant contributor to PDI achieving this recognition was Bertram Capital's guidance to invest in key business initiatives rather than simply cut costs during the 2009 downturn. The joint efforts of the PDI and Bertram teams played prominently in the company's recent performance."
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Bertram Capital previously announced the sale of PDI to Smiths Interconnect, a division of global technology business Smiths Group plc for $235 million in October 2011. Jeff Drazan expressed his sentiments on the successful exit saying, "We started with a well positioned, but under optimized company in the power quality solutions market and created a market leader in less than five years. I am extremely proud of the Bertram Capital team and our partners at PDI for developing and executing the plan. In particular, I'd like to recognize Bertram Capital's Industrial team, led by Kevin Yamashita (Partner), Tim Heston (Vice President) and Chris Brown (Associate). Kevin's strategic vision for the business and superior leadership working with the PDI management team catalyzed the growth and success achieved by PDI, and both Tim and Chris demonstrated their tireless work ethic and unwavering dedication to ensuring a successful outcome for PDI."
Bertram Capital acquired Richmond, VA-based PDI in April 2007 when the company had approximately $30 million in trailing revenue and quickly identified and completed two follow-on acquisitions. The company acquired Marelco Power Systems in January 2008 and Onyx Power in August 2008. Jeff Drazan and the Bertram Capital implemented their growth-focused approach of strategic acquisitions, aggressive business development and internal operational improvements to ultimately grow the business in excess of 4x in less than five years, despite challenging economic conditions.
Mark Jensen, Managing Partner with Deloitte & Touche LLP's technology and venture capital services group previously stated, "We are pleased to honor PDI as a 2011 Technology Fast 500 company. As one of the fastest growing tech companies in North America, PDI has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."
Author Resource:-
Author is a financial expert who likes to research and share success stories and news about the financial industry. This story covers the achievements of Power Distribution, Inc. (PDI) former portfolio company of Bertram Capital, a San Mateo, CA based equity investment firm led by Jeff Drazan which ranked number #300 on Deloitte’s Technology of the fastest 500 growing companies.
