Thomas & Betts to acquire JT Packard & Associates

Thomas & Betts Corp. (T&B), Memphis, agreed to acquire the net assets of power equipment service provider JT Packard & Associates, Madison, Wis., for an estimated net purchase price of $22 million. The transaction is expected to close next week. JT ...
Jan. 21, 2010

Thomas & Betts Corp. (T&B), Memphis, agreed to acquire the net assets of power equipment service provider JT Packard & Associates, Madison, Wis., for an estimated net purchase price of $22 million. The transaction is expected to close next week.

JT Packard posted sales in 2009 of approximately $60 million. The company's core business is preventative maintenance and emergency service for uninterruptible power supplies, power distribution units, DC plant and static switches used to ensure a consistent and high-quality flow of power to data centers in a wide variety of industrial and commercial market segments.

About the Author

Doug Chandler, Senior Staff Writer

Executive Editor

Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.

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