Madison River Invests in JDC Power Systems
Summary
Madison River Capital, the PE firm that spun out of the family office of Tony James, the former executive vice chairman of Blackstone (NYSE: BX), has completed a $190 million recapitalization of and $70 million equity investment in JDC Power Systems, an electrical systems integrator serving the data center market.Headquartered in Armonk, N.Y., JDC focuses on providing technical services and equipment to customers in the data center market. JDC is an integrator of customer design, engineering, procurement, installation, start-up, commissioning and warranty, for power and control systems. The companys experience in coordinating with utility power grids minimizes the risks of redesigns, delays or system failures.Carl Marks Securities acted as financial advisor to JDC Power Systems.