Investcorp, a global alternative investment firm, has purchased RESA Power, a provider of power services that enhance the safety, reliability, and efficiency of electric power systems, from private equity firm Blue Sea Capital.
RESA provides maintenance and testing, systems integration, and related distribution services to customers in the renewables, commercial, and industrial end markets in North America. The firm makes use of its skilled employee base of NETA technicians and engineers to serve its six thousand customers.
“RESA operates in the large, growing power services market driven by several macroeconomic tailwinds, including the need to upgrade public and private electrical infrastructure. This increasing demand on power systems combined with a shortage of highly skilled technicians has allowed RESA to become a critical part of their customers’ workflow,” said Amit Gaind, managing director at Investcorp.
“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,” said Monte Roach, CEO of RESA Power