Acquisition will expand Pearce's power continuity solutions to include UPS services and bolster its generator service capabilities
PASO ROBLES, Calif.--(BUSINESS WIRE)--Pearce Services ("Pearce"), a leading national provider of operations, maintenance, and engineering services for critical infrastructure, today announced the acquisition of Unified Power, a national provider of repair and maintenance services for uninterruptible power supply (UPS) systems and backup power generators. The terms of the acquisition were not disclosed.
The combination of Pearce and Unified Power creates one of the leading independent service providers for power continuity solutions in the United States with more than 3,500 employees. Founded in 2011, Unified Power provides services to more than 6,000 customer facilities across the data center, telecommunications, healthcare, government and other mission-critical end markets. Unified Power's best-in-class critical power solutions include routine and preventative maintenance, testing and inspection, troubleshooting, repair, replacement, and equipment sales for UPS systems and backup power generators.
"The acquisition of Unified Power marks a significant milestone in our Company's history," said Michelle Edler, Chief Executive Officer of Pearce. "With the addition of Unified Power, we are expanding our capabilities to include UPS services and entering new critical infrastructure end markets such as data centers, which are experiencing accelerated growth and an increasing need for power continuity. I have been incredibly impressed with the Unified Power team, and it is clear they share our commitment to quality, innovation, and safety."
"I have long admired Pearce's commitment to its customers and its track record of growth," said Paul Belliveau, President and Chief Executive Officer of Unified Power. "Our complementary capabilities will enhance Pearce's market presence and drive significant growth for both companies. I look forward to working with the entire Pearce team to deliver a comprehensive and differentiated service offering for our customers."
Pearce is backed by New Mountain Capital ("New Mountain"), a leading growth-oriented alternative investment firm. Pearce and New Mountain worked with Goldman Sachs Alternatives' Hybrid Capital group, which provided incremental capital to support the transaction. Ropes & Gray served as legal advisor to Pearce Services and New Mountain, and Solomon Partners served as financial advisor to Unified Power on the transaction.
About Pearce Services
Pearce Services is a leading national provider of operations, maintenance, and engineering services for mission-critical infrastructure. The Company utilizes industry-leading technology to service customers in the renewable energy, battery energy storage system, electric vehicle (EV), and telecom infrastructure end markets. Headquartered in Paso Robles, California, the Company has more than 3,000 highly trained employees, across 28 locations, and provides customers with nationwide 24/7/365 service coverage. To learn more about Pearce Services, please visit or .
About Unified Power
Based outside of Dallas in Terrell, Texas, Unified Power provides critical power services and equipment to over 6,000 customer sites throughout the U.S. and Canada. Unified Power supports its diverse customer base with affordable and reliable services for UPS systems, DC plants, inverters, battery systems, PDUs, generators, and ATSs. Unified Power delivers proven technical expertise and a commitment to tailoring solutions to each individual customer's needs. For additional information, please visit unifiedpowerusa.com.
Contacts
For Media Related Inquiries:
H/Advisors Abernathy
Dana Gorman, Managing Director
dana.gorman@h-advisors.global
For Acquisition Related Inquiries:
Pearce Services
Geoffrey Tollett, Vice President
geoffrey.tollett@pearce-services.com
