|
|
|
Audax portfolio company, RESA Power Solutions, completes add-on acquisition with purchase of Transformer Testing and Repairs
|
|
|
|
THE COMPANY
Transformer Testing and Repairs, Inc. ("TTR"), based in Fairfield, California is a provider of transformer testing and field services. Serving Northern California since 1988, TTR offers in-house laboratory services and on-site maintenance services. The acquisition of TTR further expands the geographic coverage of RESA Power Solutions ("RESA Power") in the California market by providing customers with a broader scope of life extension solutions for electrical power transmission and distribution equipment market.
|
|
THE DEAL
RESA Power, a portfolio company of Audax Private Equity ("Audax"), acquired TTR from private owners. |
|
THE THESIS
Audax acquired RESA Power in September 2011 as a best-in-class supplier of remanufactured power distribution and circuit protection equipment with a reputation for quality and reliability.Since Audax' initial acquisition, RESA Power has completed six add-on acquisitions, including Satin American in March 2012, Switchgear Unlimited in June 2013, DYMAX Holdings in January 2014, West Coast Switchgear in June 2014, Energy Systems Services in August 2014, and TTR in March 2015. RESA Power is a market leader in life extension solutions for power transmission and distribution equipment. Through the DYMAX division, RESA Power is also a NETA-certified company specializing in low, medium, and high voltage electrical testing, repair services, and engineering for electric distribution systems. Audax will continue to work with management to execute a growth strategy focused on regional add-on acquisitions, sales channel optimization, increased product breadth, and greenfield expansion. |
|
MOST RECENT PLATFORM ACQUISITIONS
Please contact us for a full list of recent transactions. |
|
AUDAX INVESTMENT CRITERIA
Since our founding in 1999, Audax Private Equity has been focused on building leading middle market companies. In the last ten years, we have invested over $2.5 billion in over 85 platform and 350 add-on acquisitions. Audax partners with management teams that have the vision and drive to create much larger entities through acquisitions and organic growth. Through our disciplined Buy and Build approach, we seek to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Downloadable One-Pager |
|
LAST TEN TRANSACTIONS
3/16/2015
|
AllOver Media
|
| 3/5/2015 |
Denver Dermatology Consultants & practice of Michael Redmond, M.D. (ADCS Add-on) |
2/17/2015
|
Corepoint Health
|
2/9/2015
|
DeLand Dermatology (ADCS Add-on) |
| 1/14/2015 |
ProFlo (Neptune Benson Add-on)
|
1/2/2015
|
Albany Dermatology Clinics (ADCS Add-on)
|
1/2/2015
|
Spencer Dermatology and Skin Surgery Center (ADCS Add-on)
|
1/2/2015
|
Dermatology Associates of Northern Michigan (ADCS Add-on)
|
11/20/2014
|
Checkers Industrial Safety Products
|
| 11/5/2015 |
TDI Power (Astrodyne Add-on)
|
|
|
|
| |
| |
| |
|
| |
|