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WJ Partners closes Power-Utility Products investment, names CEO

Private investment firm WJ Partners closed its investment in Power Utility Products Co. and named Cameron Todd its CEO.

The target company is a distributor and servicer of strut channel, cable tray, fittings and associated products used in electrical infrastructure and has locations in Charlotte, N.C., and Norfolk, Va.

Todd previously served at industrial manufacturing company Ingersoll Rand.

Jaime Wall, partner at WJ Partners, said in a release that the company plans to accelerate growth at Power-Utility by building out its team and distribution infrastructure to expand its ability to serve new and existing customers across the U.S.

WJ Partners' acquisition was supported with debt financing from First Tennessee Bank.