The company of Peters Bros Wade and Allison (PWA) Pty Ltd was formed by the merger of Peters Bryden and Peters Pty Ltd and A M Mainwaring Pty Ltd. The company which manufactured electrical, truck and farm equipment was registered on 27 September 1945. The company headquarters was in Phillip Street, Redfern, where they remained until 1979. William Henry Peters was appointed the first Managing Director. After Peters' death in 1948, William Wade became Managing Director. New memoranda and articles were signed on 2 February 1948 increasing the share capital. On 2 June 1956 a holding company, PWA Industries Pty Ltd, was established to co-ordinate the operations of new subsidiary companies that undertook the production and marketing of the company's products. In 1969 the manufacture of truck and farm equipment ceased and the company's activities were concentrated on electrical transformer manufacture. On 27 July 1973 Peters Bros Wade and Allison Pty Ltd changed its name to Australian Power and Distribution Industries Pty Ltd. In 1975, the company sold the rights to produce Power King transformers to Tyree Industries Pty Ltd, who also bought the assets of the transformer division in August 1979. PWA Investments Pty Ltd was established to administer the sale and any remaining assets. In 1990 the company's trade-mark and logo was transferred to Australian Power Products Pty Ltd. The remaining manufacturing operation of its General Products division, Australian Power Inc Pty Ltd, was sold to Morlynn Ceramics.