Investcorp, Bahrain-based asset manager, has acquired RESA Power, a leading provider of mission-critical engineering, testing and maintenance services for electrical infrastructure in the US, from Blue Sea Capital, a private equity firm specializing in growth-oriented lower middle-market companies.
RESA, based in the US, is a market leader in offering maintenance and testing, systems integration, and related distribution services to clients across the renewables, commercial, and industrial end markets in North America.
Investcorp’s partnership with RESA will focus on continuing the company’s organic growth, expanding geographically across North America, and accelerating the potential to make strategic, value-creating add-on acquisitions.
Yusef Al Yusef Managing Partner Investcorp Private Wealth
“We are pleased to have acquired RESA Power. We believe that the company is well poised for growth as it operates in the large and growing electrical power services market driven by several macroeconomic tailwinds, including the need to upgrade public and private electrical infrastructure. We are particularly appreciative of the contributions of RESA’s technicians and employees throughout the pandemic, which contributed to its accelerating growth and increasing market share over the past twenty months and look forward to working with them as they continue to grow.”
“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 Mr. Monte Roach, CEO of RESA Power.
Investcorp has an established history of investing in leading providers of mission-critical infrastructure services, with notable past investments including The Wrench Group, a leading provider of residential infrastructure and essential maintenance services, Roadsafe Traffic Systems, a leading provider of road infrastructure services and Kee Safety, a leading provider of safety equipment for buildings and infrastructure.
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