RESA Power Acquires Western Utilities Transformer Services, Inc.January 14, 2021
Blue Sea Capital LLC (“Blue Sea”) announced that its portfolio company, RESA Power, LLC (“RESA Power” or the “Company”), a market leader in power systems electrical testing, transformer services and life extension solutions for power distribution equipment, has acquired Western Utilities Transformer Service, Inc. (“Western Utilities”).
Based in Visalia, CA, Western Utilities provides testing, assembly, repair, rewinding and oil processing services for utility substation and industrial transformers in the western region of the USA.
Monte Roach, CEO of RESA Power, commented on the acquisition, “We are delighted to welcome the Western Utilities team into the RESA Power family. Their unparalleled reputation for testing, assembly, repair and rewinding of transformers will significantly enhance our existing transformer services capabilities. RESA is now well positioned to offer our customers a one-stop shop for all their transformer servicing requirements nationally.”
Sean Broderick, COO of Western Utilities added, “Our team is excited about the opportunity to offer our customers additional transformer and electrical testing services, including NETA certified testing, while augmenting the capabilities of RESA Power. As a result, we will be well positioned to meet the increased demand of our customers, as we focus on providing the best value in transformer services throughout our region.”
Lee Farber, Vice President at Blue Sea Capital added “We are thrilled about Sean and his team joining the RESA Power platform. Western Utilities is a critical addition to our west coast operations, and we will continue to aggressively grow RESA Power through strategic acquisition.”
Jones Day acted as legal advisor to RESA Power.
About RESA Power, LLC
Headquartered in Houston, Texas, RESA Power is a market leader in power systems services and life extension solutions for power distribution equipment used in mission critical environments. With locations across the United States and Canada, RESA Power is uniquely capable of ensuring our customers’ critical power systems are safe, reliable and operating at peak efficiency. The technicians and engineers at RESA are experts in testing and servicing transformers, relays, breakers and other key components of power distribution and control systems. RESA also provides quick turn-around custom manufactured or retrofit switchgear & breaker solutions and maintains an extensive inventory of obsolete and hard-to-find components.
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies with EBITDA of up to $30 million. The firm has $1.4 billion in committed capital and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.