Latest news with #RESAPower
Mid East Info
13-05-2025
- Business
- Mid East Info
Investcorp Capital Achieves Net Profit of $41 million through the first three quarters of its fiscal year ‘25
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce its financial results for the third quarter of fiscal year 2025 covering the period ended 31 March 2025 ('Q3 2025'). Q3 2025 Highlights: • YTD $71 million of cash distributable earnings, representing 82% growth quarter-on-quarter, underpinned by YTD FY'25 Net profit of $41 million, including Q3 2025 Net Profit of $13 million. • $1.2 billion deployed across Capital Financing Services and Capital Deployment with total realizations of $824 million, through solid syndication activity and several successful exits including RESA Power in Private Equity and US National I Portfolio in Real Estate. • Capital deployment exposure as a percentage of long-term capital at 90%, up from 66% in June 2024. • Healthy balance sheet reflecting a diversified portfolio with 62% invested in yield generating assets. • Strong cash distributable earnings. Mohamed Aamer, Interim Chief Executive Officer of Investcorp Capital, commented: 'The progress made this quarter is a continuation of Investcorp's 4-decade track record of solid performance through economic cycles, and demonstrates our commitment to delivering returns to investors, with an 82% increase in quarter-on-quarter cash distributable earnings. We have seen good business activity this year and unlocked value notably through the successful sale of RESA Power and the US National I Portfolio. Going forward, we will continue to target a diverse range of investment opportunities with the potential for strong returns on investment.' Rohit Nanda, Chief Financial Officer of Investcorp Capital, commented: 'We are pleased with the progress made so far this year, with total assets growing by 22% to $2.2 billion, up from $1.8 billion in June 2024, as we continue to grow our balance sheet is healthy and our high cash generation supports our commitment to deliver the 8% annualized dividend payment at the end of the fiscal year.' Operational Highlights: In April, with the sale of the US National I Portfolio for an aggregate sale price of $360 million, the Company realized an approximate 40% increase in value over its initial purchase price, in addition to the rental distributions received during the hold period. The portfolio was sold to take advantage of the vibrant capital markets for industrial assets in the US and strong property operating fundamentals. Similarly, the sale of RESA Power generated strong returns. Since Investcorp's acquisition in 2021, RESA Power grew its revenues and EBITDA by over 4x and today serves thousands of commercial & industrial, utility and datacenter customers across North America. Capital Deployment: The Company invested $356 million across asset classes and geographies so far in fiscal year 2025, including $237 million in structured products and $84 million in Corporate Investments across US and Europe. Co-investment in US Real Assets totaled $35 million, across Warehouse & Logistics, Student Housing and Infrastructure. Proceeds from Capital Deployment investment realizations over the period from various asset classes totaled $106 million. Of this, $54 million came from Global Credit, with distributions from Collateralized Loan Obligations (CLOs) in the US and Europe. $32 million came from Corporate Investments in US and MENA. $15 million came in ongoing rental yield distributions from multiple Real Estate portfolios in the US. $5m came from Strategic Capital. Capital Financing Services: Performance within the Capital Financing Services business continued to be strong, generating a 10% annualized return with $854 million deployed across asset classes in the last ninemonths. This was primarily driven by $482 million in Real Assets, deployed in the Diversified Data Center Portfolio, Baltimore & Minneapolis Industrial Portfolio, US Student Housing IV Portfolio and US Student Housing V Portfolio. $271million was deployed in Corporate Investments, including Miebach in Germany, PKF O'Connor Davies in the US and Epipoli in Italy. A further $101 million in Global Credit was deployed across various CLOs. Offsetting this, the Company benefited from continued solidsyndication activity from the broader Investcorp group, with $718 million of total syndication, the majority of which came from Real Assets, amounting to $465 million. Corporate Investments syndication stood at $211 million, Global Credit was $41 million, and Strategic Capital was $1 million. Outlook: The Company has made good progress fiscal year to date with continued profitability and growth on a quarter-on-quarter basis. Looking forward to the remainder of fiscal year 2025 and into 2026, the Company will continue to capitalize on the activity of 2025, looking for attractive exit and investment opportunities in line with its stated long-term objective of delivering attractive long-term returns on invested capital.
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
Zawya
01-05-2025
- Business
- Zawya
Bahrain: Investcorp sells investment in RESA Power to Kohlberg
Bahrain - Global investment firm Investcorp has announced the sale of its investment in RESA Power (RESA), a major provider of electrical testing, transformer services, and life extension solutions for power distribution equipment. The buyer is Kohlberg, and the transaction marks the first successful exit for Investcorp's North American Private Equity Fund I. Since Investcorp's initial investment, RESA has seen its revenues more than quadruple. The company now serves thousands of commercial and industrial clients, utilities, and data centres across North America. During Investcorp's ownership, RESA significantly boosted its organic growth and expanded its reach and service offerings through strategic mergers and acquisitions. Investcorp executive chairman Mohammed Alardhi highlighted the importance of the US market in the firm's growth strategy since 2015. 'Our expertise in private markets in the United States has once again delivered outstanding results,' he said. 'This success validates our investment strategy and the talent of our team. We aim to continue this globally across our private equity business.' Investcorp acquired RESA in 2021, and since then, the company has grown its revenues approximately fourfold, now serving a vast customer base across 14 states and provinces in North America. A key element of this growth was an enhanced national accounts strategy and the completion of 14 strategic acquisitions that broadened RESA's service portfolio and geographical presence. Notably, RESA, under Investcorp's ownership, also implemented an employee ownership programme, granting equity to all eligible employees. This initiative, a first in the electrical power industry, has contributed to a reduction in employee turnover by over 10 per cent, as employees directly benefit from the value they help create. Investcorp global head of distribution Yusef Al Yusef described the sale of RESA as a 'tremendous outcome' for investors. He emphasised that it validates their strategy of growing industrial services businesses through investments in digitisation, internal infrastructure, strategic M&A, and talent development. 'The RESA team fully embraced our vision and is well positioned for continued success,' he added. RESA Power chief executive Scott Harrison praised Investcorp as a 'value-added partner' from the outset. He noted that together, they established the foundation for RESA's digital transformation, including the introduction of AI-driven tools like Power Pulse for asset maintenance monitoring. Harrison also credited Investcorp's guidance in creating a successful blueprint for mergers and acquisitions, which accelerated the company's value creation plan.
Arabian Business
30-04-2025
- Business
- Arabian Business
Investcorp exits RESA Power in sale to Kohlberg, marking first exit for North American PE Fund
Investcorp, a leading global alternative investment firm, announced the sale of its investment in RESA Power (RESA), the Houston, US-based provider of power systems 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. The financial details of the deal, however, were not disclosed. Investcorp said since its acquisition in 2021, RESA has grown revenues and EBITDA by over 4 times, and currently serves thousands of commercial and industrial, utility and data centre customers across North America. During its ownership period, RESA also significantly accelerated organic growth and expanded capabilities across geographies and product categories through strategic M&A, Investcorp said. Mohammed Alardhi, Executive Chairman of Investcorp, said: 'Since we embarked upon our growth journey in 2015, the US has been our biggest growth avenue. Our expertise in private markets, demonstrated over four decades in the world's largest economy, is evident once again.' Alardhi said investment has consistently invested in attractive middle-market service businesses in the US, and 'this outstanding result validates our investment strategy and the talent of our team.' 'We aim to replicate RESA's success globally across our private equity business,' he said. Scott Harrison, Chief Executive Officer, RESA Power, said the company was deeply grateful for its partnership with Investcorp. 'Together, we laid the foundation for sustainable growth by investing in our people and processes, transforming RESA into a stronger, more dynamic company. 'With Kohlberg's deep industry expertise and track record of success, we are confident that we have found the ideal partner to help us unlock the next chapter of growth and continue our momentum,' he said. Investcorp's North America Private Equity group has been investing in mid-market businesses since 1982 and currently focuses on control buy-out investments in the business & professional services and commercial services sectors. It has completed approximately 70 platform investments, deploying more than $23 billion in transaction value since inception.
Biz Bahrain
30-04-2025
- Business
- Biz Bahrain
Investcorp Sells RESA Power After Quadrupling Business in Three Years
Investcorp, a leading global alternative investment firm, today announced that it has sold its investment in RESA Power ('RESA' or 'The Company'), 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. 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. Mohammed Alardhi, Executive Chairman of Investcorp, stated: 'Since we embarked upon our growth journey in 2015, the United States 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.' 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. 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.' Scott Harrison, Chief Executive Officer, RESA Power, 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. '
