
Investcorp, a global alternative investment firm, announced its acquisition of RESA Power, a provider of power services from the private equity firm Blue Sea Capital.
Headquartered in Houston, RESA is led by industry veteran Monte Roach and has over 20 locations across the United States and Canada.
The company provides maintenance and testing, systems integration, and related distribution services to customers across the renewables, commercial, and industrial end markets in North America. RESA draws on its employee base of NETA (InterNational Electrical Testing Association) technicians, systems solutions technicians, and engineers to serve over six thousand customers, the company said in a press release.
Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure and insurance solutions. The company has a long history of investing across Industrial Services sectors with notable past investments including American Tire Distributors, Berlin Packaging, FleetPride, Wrench Group and most recently, RoadSafe Traffic Systems.
“We look forward to leveraging our expertise and resources to support RESA as it seeks to accelerate growth and strengthen its competitive position,” said Amit Gaind, Managing Director and Head of Industrial Services, Private Equity at Investcorp.
“We believe Investcorp’s deep understanding of branch-based and human capital-centric Industrial Services businesses makes them 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 Roach, CEO of RESA Power. “We would like to thank Blue Sea Capital for their unwavering commitment to our business and true partnership orientation. It has been a pleasure to work with Blue Sea and we couldn’t be happier for them.”
Source: RESA Power