Powell Industries Inc. (NASDAQ: POWL) is a provider of packaged solutions for the control, monitoring, and distribution of electrical power and other critical processes with headquarters in Houston, Texas. The company started its operations in 1947 manufacturing switchgear. However, the company suffered a series of financial problems throughout the late 1960s and did not go public until 1971. On July 4, 2005, Powell acquired UK based company Switchgear & Instrumentation, located in Bradford. Total consideration paid for S&I was approximately $18.0 million.