Latest news with #Kohlberg
Trade Arabia
22-05-2025
- Business
- Trade Arabia
Investcorp sells Resa Power Company to Kohlberg
Investcorp, a leading global alternative investment firm based in Bahrain, has announced that it has sold its investment in Resa Power, a leading provider of power systems electrical testing, transformer services, and life extension solutions for power distribution equipment, to Kohlberg. This transaction marks the first exit for Investcorp's North American Private Equity Fund I, said the company in a statement. Resa has grown revenues by over four times and today serves thousands of commercial & industrial, utility and datacenter customers across North America. During Investcorp's ownership period, the company significantly accelerated organic growth and expanded capabilities across geographies and product categories through strategic M&A, it stated. Mohammed Alardhi, Executive Chairman of Investcorp, said: "Since we embarked upon our growth journey in 2015, the US has been one of our biggest growth avenues. Our expertise in private markets, demonstrated over four decades in the world's largest economy, is evident once again." "We have consistently invested in attractive middle-market service businesses in the United States and this outstanding result validates our investment strategy and the talent of our team. We aim to continue this success globally across our Private Equity business," he stated. Since Investcorp's acquisition in 2021, Resa has grown revenues approximately fourfold and today serves hundreds/thousands of customers in 14 states and provinces across North America. During Investcorp's ownership period, the Company accelerated organic growth through an enhanced national accounts strategy and completed 14 strategic add-on acquisitions to expand across service offerings and geographies. The Company also instituted an Employee Ownership Program that granted equity to all employees with at least one year of service, the first-of-its-kind in the electrical power industry, said the statement. By providing an opportunity for employees to participate in the value that they helped to create, the Company has reduced employee turnover by over 10 percent. Yusef Al Yusef, Global Head of Distribution at Investcorp, said: "The sale of Resa is a tremendous outcome for our investors, and validates our strategy of growing industrial services businesses through investments in digitization, internal infrastructure, strategic M&A and talent." "The Resa team embraced our vision fully and is well positioned for continued success," he added. Resa Power CEO Scott Harrison said: "Investcorp was truly a value-added partner for Resa since day one. Together we laid the groundwork for our digital transformation, including the introduction of proprietary, AI-driven tools like Power Pulse, which monitors asset maintenance cycles." "Also, by creating a repeatable blueprint for M&A, Investcorp helped accelerate our value creation plan ahead of schedule," he added. A global investment manager, Investcorp specialises in alternative investments across four asset classes: Private Equity, Real Assets, Credit and Liquid Strategies. Since its inception in 1982, the group has focused on generating attractive returns for clients. Today, it manages $55 billion in assets, including assets managed by third party managers.
Yahoo
13-05-2025
- Business
- Yahoo
RESA Power Enhances Field Services Presence in Florida with Acquisition of MP Predictive Technologies
Marks first acquisition completed in collaboration with private equity partner Kohlberg HOUSTON, May 13, 2025 /PRNewswire/ -- RESA Power, LLC (the "Company"), a market leader in power systems electrical testing, transformer services, and life extension solutions for power distribution equipment, today announced the acquisition of MP Predictive Technologies, Inc. ("MPPT"). Based in Orlando, Florida, MPPT has grown rapidly since its founding as a small family business in 2018. Today, it serves as a leading multiservice, NETA accredited company dedicated to providing exceptional predictive maintenance solutions, diagnostics, and asset management services. With the acquisition of MPPT, RESA Power significantly expands its footprint in the Sunshine State, adding a third business to its existing locations in Jacksonville and Plant City, FL. Mark Angus, RESA Power's Chief Growth Officer, commented on the acquisition, "We are delighted to welcome MP Predictive Technologies to RESA Power. We are very familiar with Nelson and his talented team and have collaborated closely on many projects over the last several years. Together we have demonstrated how effective we can be in providing our customers with the highest levels of excellence, and this partnership will enable RESA to further leverage our combined resources in Florida to enhance our service capabilities and expand our NETA accredited electrical field-testing footprint." Nelson Manuare, co-owner and President of MPPT, added, "By partnering with RESA Power, we are confident that we will be able to expand our reach, deepen our service offerings, and continue delivering the high-quality solutions our customers know and trust. RESA Power shares our commitment to innovation, excellence, and customer success, making this partnership a natural fit for our future growth. We are incredibly proud of everything we've accomplished so far and even more excited for what lies ahead as part of the RESA Power team." The transaction with MPPT marks RESA Power's first acquisition completed in collaboration with Kohlberg. About RESA Power RESA Power, a portfolio company of Kohlberg, is a market leader in power systems services and life extension solutions for power distribution equipment used in mission-critical environments. With over 50 locations across the United States and Canada, RESA Power is uniquely capable of ensuring its customers' critical power systems are safe, reliable, and operating at peak efficiency. The technicians and engineers at RESA Power are experts in testing and servicing transformers, relays, breakers, and other key components of power distribution and control systems. RESA Power also provides quick turn-around custom manufactured or retrofit switchgear and breaker solutions and maintains an extensive inventory of obsolete and hard-to-find components. For more information about how to join the RESA Power group, visit or follow @RESAPower on LinkedIn. Media contacts RESA PowerAlexis Motl394998@ (832)900-8340 About Kohlberg Founded in 1987, Kohlberg is a leading U.S. middle market private equity firm based in Mount Kisco, New York. The firm invests in leading healthcare and services companies characterized by strong market positions, recurring revenue streams and resilient end markets, which it identifies through rigorous thematic research grounded in its White Paper Program. Leveraging its team of investment and operating professionals, Kohlberg works with management teams to accelerate growth, enhance operational excellence and create value. As of December 31, 2024, Kohlberg manages approximately $17 billion on behalf of investors globally. For more information, please visit Media contactsAmanda Shpiner/Iain HughesGasthalter & Co.212-257-4170394998@ View original content to download multimedia: SOURCE RESA Power Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
