Investcorp acquires RESA Power, a leading electric service provider, from Blue Sea Capital
NEW YORK, December 16, 2021 / PRNewswire / – Investcorp, one of the world’s leading alternative investment firms, today announced the acquisition of RESA Power (“RESA” or the “Company”), a leading power services provider that improves the safety, reliability and efficiency of electric power systems, from Blue Sea Capital, a growth-oriented private equity firm. Terms of the transaction were not disclosed.
Based at Houston, RESA has more than 20 sites across United States and Canada. The Company is a market leader in providing maintenance and testing, systems integration and related distribution services to customers in renewable energy, commercial and industrial end markets in North America. The company relies on its experienced and highly skilled employee base of technicians, systems solutions technicians and InterNational Electrical Testing Association (NETA) engineers to serve more than six thousand customers.
RESA is led by Monte Gardon, an industry veteran with over 30 years of experience. Since Monte joined Monte in 2019, the company has accelerated its growth and positioned itself as an industry leader, starting two completely new locations and making four acquisitions in the past twelve months while providing services. exceptional solutions to the most complex problems of its clients. Investcorp’s partnership with RESA will focus on the continued organic growth of the Company, expanding geographically through North America, and accelerate the completion of strategic and value-creating complementary acquisitions.
“RESA operates in the large and growing energy services market driven by several macroeconomic tailwinds, including the need to upgrade public and private power infrastructure. This growing demand for electrical systems combined with a shortage of highly skilled technicians has enabled RESA to become an essential part of their customers’ workflow, ”said Amit won, Managing Director and Head of Industrial Services, Private Equity at Investcorp. “Monte and the RESA team have done a tremendous job of making the company a leading national player while retaining the culture that positions them as the employer of choice in the industry. We look forward to building on this. of our expertise and our resources to support RESA in its research to accelerate its growth and strengthen its competitive position.
“We believe that Investcorp’s deep understanding of the branch-based, human capital-centric industrial service business makes it an ideal partner for RESA’s next chapter of growth. Investcorp’s resources and expertise will help us accelerate our growth both organically and through acquisitions, ”said Monte Gardon, CEO of RESA Power. “We would like to thank Blue Sea Capital for its unwavering commitment to our business and its true partnership orientation. It has been a pleasure working with Blue Sea and we couldn’t be happier for them.
Rick wandoff, Managing Partner at Blue Sea Capital added: “Over the past four years, RESA has established itself as a leader in the power supply service industry by providing top notch customer service to customers and achieving multiple accretive acquisitions. We are proud of the RESA company has become under the guidance of a dedicated management team. We especially appreciate the contributions of technicians and RESA employees throughout the pandemic, who have helped accelerate growth and share gains over the past twenty months. We wish Monte and the entire RESA team, as well as Investcorp, continued success in their next phase of growth. “
Investcorp has a long history of investing in industrial service sectors with notable past investments including American Tire Distributors, Berlin Packaging, FleetPride, Wrench Group and most recently RoadSafe Traffic Systems.
Investcorp is a global investment manager, specializing in alternative investments in the areas of private equity, real estate, credit, absolute return strategies, GP holdings, infrastructure and insurance solutions. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our corporate issuers and for our shareholders as a prudent and responsible investor.
We invest a significant portion of our own capital in the products we offer to our clients, ensuring that our interests are aligned with those of our stakeholders, including the communities in which we operate, in order to generate creation of lasting value. We are proud to partner with our clients to provide tailor-made solutions to their needs, using a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative approach and entrepreneurial.
Investcorp is now present in 12 countries in the United States, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2021, Investcorp Group had US $ 37.6 billion in total assets under management, including assets managed by third-party managers, and employed approximately 430 people of 45 nationalities around the world in its offices. For more information visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.
About Blue Sea Capital
Blue Sea Capital is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies rated up to $ 250 million. The company has more $ 750 million in assets under management and invests in three verticals: aerospace and defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented managers and differentiated companies, typically as a first or second institutional investor, and deliver strategic and operational added value that drives accelerated growth, sector outperformance and business transformation. For more information visit www.blueseacapital.com.
About RESA Power, LLC
RESA Power is a market leader in power system services and life extension solutions for power distribution equipment used in critical environments. With more than 20 locations across United States and Canada, RESA Power is able to ensure that our customers’ critical power systems are safe, reliable and operating at peak efficiency. RESA technicians and engineers are experts in the testing and maintenance of transformers, relays, circuit breakers and other key components of energy distribution and control systems. RESA also provides custom-made or quickly retrofitted switchgear and circuit breaker solutions and maintains a large inventory of obsolete and hard-to-find components. For more information on how to join RESA Power, visit https://www.resapower.com.
Prosek Partners (on behalf of Investcorp)
RESA power supply
Capital of the blue sea
1 561-655-8400 ext. 101