Bahrain-based investment firm Investcorp has announced its acquisition of Resa Power, a major provider of mission-critical engineering, testing and maintenance services for electrical infrastructure in the US, from Blue Sea Capital.
Resa is headquartered in Houston with over 20 locations across the US and Canada, and serves over 6000 clients.
It provides 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.
The Managing Partner for Investcorp’s Private Wealth Yusef Al Yusef, said: “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”, he added.
CEO Roach said: “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,” he added.