AUSTIN, Texas, Sept. 24, 2025 /PRNewswire/ -- Madison Street Capital, an international investment banking firm, acted as the exclusive financial advisor on the sale of Pittsburgh Electrical Insulation (PEI) to Atlanta, GA based Electrical Insulation Suppliers (EIS), a portfolio company of Searchlight Capital Partners. PEI, a trusted leader in the industry since 1947, is a US-based manufacturer, converter, and distributor of industrial-grade electrical insulation products. The transaction was announced by Charles Botchway, CEO of Madison Street Capital, and led by Managing Director Peter Phillips. Terms of the transaction were not disclosed.

"It's been an honor to advise Pittsburgh Electrical Insulation on this transaction, further highlighting Madison Street Capital's extensive expertise in the industrials sector. We look forward to seeing them continue to build upon their remarkable success in the years to come," said Charles Botchway, CEO of Madison Street Capital.

"After 78 years my family and I are pleased to announce PEI Corp, Pittsburgh Electrical Insulation, has been acquired by the EIS Division of Searchlight Capital. We are fortunate to have worked with a seasoned banker to help navigate the sale process and to ensure our specialized, closely held company will be well-positioned for continued growth and relevance in a fast-changing world.

A heartfelt thank you to all our loyal Associates for your years of dedication, support teams from law and finance, friends and family advisors who all came to together to help PEI cross into the company's exciting new world," said Tip Paul, CEO of PEI.

"PEI is a fantastic acquisition by EIS and Searchlight. With nearly a century as a family-owned niche manufacturer of electrical insulation products, the company's incredible history speaks for itself. We are happy to have delivered a result worthy of this history," said Pete Phillips, Managing Director of Madison Street Capital.

About Madison Street Capital

Madison Street Capital, an international investment bank with expertise in mergers and acquisitions, is committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, sell-side representation, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client's goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For more information, please visit www.madisonstreetcapital.com

About Pittsburgh Electrical Insulation (PEI)

Established in 1947 and headquartered in Munhall, PA, Pittsburgh Electrical Insulation is a US-based manufacturer, converter, and distributor of industrial-grade insulation products. Servicing both OEM and repair markets, PEI operates from an extensive inventory and a global network of suppliers. To learn more, visit https://www.peipittsburgh.com

About EIS

Founded in 1946, Electrical Insulation Suppliers was established in Atlanta, GA, as a small, family-owned business serving local motor repair shops. EIS has grown to be North America's leading specialty distributor, converter, and fabricator of electrical process materials and related parts serving transformer, electric motor, and other electrical equipment manufacturers and their aftermarket, along with electronic, alternative energy, and eMobility markets. For additional information, visit https://www.eis-inc.com

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Debora Lima, Head of PR, [email protected]

For Investment Banking Inquiries

Kevin Owen, Director of Deal Origination, (941) 250-3613 [email protected]

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SOURCE Madison Street Capital