Pearce Services Completes Strategic Acquisition
Pearce Services, a prominent player in the operations, maintenance, and engineering sector for critical infrastructure, has made a significant move by acquiring Unified Power. This acquisition aims to enhance service offerings in the highly competitive market of power continuity solutions.
Strengthening Service Capabilities
The merger of Pearce Services with Unified Power creates a formidable force among independent service providers focusing on power continuity solutions. The combined workforce exceeds 3,500 dedicated employees, positioned to deliver top-notch services to a majority of customer facilities nationwide. Unified Power has built a reputation for excellence since its inception in 2011, serving over 6,000 customer sites across various essential sectors, including data centers and telecommunications.
Unified Power's Expertise
Unified Power specializes in providing comprehensive repair and maintenance services for uninterruptible power supply (UPS) systems and backup generators. Their suite of services includes preventive maintenance, testing, troubleshooting, repairs, replacements, and equipment sales. This level of expertise positions Pearce Services to cater not only to its existing customer base but also to new clients within growing critical infrastructure markets.
Leadership Remarks on the Acquisition
Michelle Edler, the CEO of Pearce Services, expressed enthusiasm regarding the acquisition, highlighting its importance as a pivotal moment in Pearce's growth journey. She stated that incorporating Unified Power's services significantly broadens Pearce's capabilities, especially in the rapidly growing data center segment.
Collaboration for Future Growth
Paul Belliveau, President and CEO of Unified Power, echoed similar sentiments, emphasizing how their complementary capabilities will enable both companies to broaden their market presence and achieve remarkable growth. This collaboration aims to create a unique service offering, satisfying the increasing demands for reliable power solutions.
Financial Backing for Expansion
This strategic acquisition is supported financially by New Mountain Capital, an esteemed growth-focused investment firm. With contributions from Goldman Sachs Alternatives’ Hybrid Capital group, Pearce Services has secured necessary resources to facilitate this transaction. Legal advisement for Pearce Services and New Mountain was provided by Ropes & Gray, while Solomon Partners served as a financial advisor to Unified Power.
About Pearce Services
Pearce Services stands as a leading national provider of operational, maintenance, and engineering services aimed at mission-critical infrastructure. With an extensive workforce exceeding 3,000 skilled employees across 28 locations, Pearce leverages cutting-edge technology to cater to customers in renewable energy, battery energy storage, electric vehicle (EV) infrastructure, and telecommunications. Their commitment to delivering 24/7/365 service ensures that every customer receives the highest level of support.
About Unified Power
Unified Power operates primarily out of Terrell, Texas, providing essential critical power services and equipment to a diverse clientele across the United States and Canada. Focused on serving unique customer needs, Unified Power delivers a range of services, including maintenance for UPS systems, DC plants, inverters, battery systems, generators, and automatic transfer switches (ATSs). Their steadfast dedication to tailored solutions has earned them a loyal customer base.
Frequently Asked Questions
What prompted Pearce Services to acquire Unified Power?
The acquisition of Unified Power allows Pearce Services to enhance its service offerings and enter new markets, particularly in data centers.
How many employees will the combined companies have?
The combination of Pearce Services and Unified Power will create a workforce of over 3,500 employees dedicated to delivering superior power continuity solutions.
What specific services will Unified Power provide post-acquisition?
Unified Power will continue offering services related to UPS systems, including maintenance, testing, troubleshooting, and equipment sales.
Who are the financial backers of Pearce Services in this acquisition?
The acquisition is backed by New Mountain Capital, ensuring Pearce Services has the capital necessary to support this strategic move.
What markets does Pearce Services focus on?
Pearce Services specializes in renewable energy, battery energy storage systems, electric vehicle infrastructure, and telecommunications, ensuring broad coverage in mission-critical sectors.
