Audax Private Equity acquires Total PowerGen Solutions to deepen its power generation platform
Audax Private Equity has acquired Total PowerGen Solutions (TPGS), expanding its presence in the power generation space. The terms weren’t disclosed, but the move marks a clear step in Audax’s strategy to build out its portfolio in essential energy services—and it’s set to matter for both companies.
Who TPGS serves and what it does
Founded in 1959, Total PowerGen Solutions is focused on keeping industrial and commercial generators running. Its core work covers maintenance and repair, and the company also provides generator rentals, sells new equipment, and offers related services for customers who can’t afford downtime.
Why TPGS’s expertise fits now
TPGS has built a reputation for dependable generator solutions. That strength aligns with Audax’s goals, especially as aging infrastructure and unpredictable weather keep testing grid reliability. In short, the need for what TPGS does is only getting more urgent.
Audax’s plan for growth with TPGS
Partner Don Bramley of Audax called the acquisition a chance to build on TPGS’s track record. The plan is to work closely with the management team and pursue a disciplined “Buy & Build” strategy—expanding TPGS’s North American footprint and sharpening its position in the market.
From the CEO of TPGS, Andrew Rudderham
CEO Andrew Rudderham sees Audax as the right partner to accelerate TPGS’s momentum. The partnership is intended to push deeper into the U.S. market and strengthen capabilities across the business, with scale and execution front and center.
Market view: big, fragmented, and moving
The backup generator market is large and highly fragmented, with growth driven by weather variability and a rising need for reliable power. As Managing Director Matthew Gosselin noted, those forces make the timing right—and TPGS is well placed to serve that demand.
A platform built for disciplined expansion
Audax brings substantial assets under management and a focus on industrial services to support TPGS’s next phase. The aim: broaden services, reach more customers, and keep improving operations—all with a playbook built around steady execution.
About Total PowerGen Solutions
Operating across Canada, TPGS delivers a full suite of generator services—from maintenance and repairs to equipment sales—for systems ranging from 10kW to 2,000kW and beyond. The through line is simple: help customers keep power on when it matters most.
About Audax Private Equity
Audax Private Equity manages several strategies designed to help middle-market companies grow. With offices in major cities, a team of over 270 professionals, and a long acquisition history, Audax focuses on practical capital solutions and hands-on support. That combination is intended to help TPGS compete and scale in the power generation market. For more on Audax’s approach, visit its official website.
Frequently Asked Questions
Why did Audax acquire TPGS?
To strengthen its position in the power generation sector by building on TPGS’s decades of service expertise and market presence.
What does TPGS actually do day to day?
It maintains and repairs industrial and commercial generators, offers rentals, sells new equipment, and provides related services for customers that need continuous power.
How long has TPGS been in business?
Since 1959, with a long-running focus on reliable generator solutions.
What’s the growth plan for TPGS under Audax?
A disciplined “Buy & Build” strategy aimed at expanding TPGS’s North American footprint—especially in the U.S.—and enhancing capabilities.
How does Audax support companies like TPGS?
By pairing substantial capital with strategic guidance in industrial services, helping teams broaden services, reach more customers, and improve operations.
