CE Power Acquires Power and Generation Testing, Inc.
Cincinnati, OH, October 9 2015
The company will now provide end-to-end electrical power engineering, testing, maintenance, and related services in Tennessee and the surrounding areas.
CE Power Solutions (“CE Power”) is pleased to announce the acquisition of Power & Generation Testing, Inc. (“PGTI”) of Nashville, Tenn. The business will continue to operate under the PGTI name from its existing Nashville location.
PGTI provides electrical power testing, maintenance, and emergency response services for industrial and utility clients in Tennessee and surrounding areas. PGTI specializes in acceptance and maintenance testing for voltages ranging from 480V up to 161kV. The management and employees of PGTI, including nine NETA and NICET certified technicians, have played an integral role in the company’s growth and success and will continue to do so moving forward.
PGTI’s customers will now have access to CE Power’s full breadth of low, medium, and high voltage solutions, including turnkey engineering, power system commissioning, and equipment repair services. The partnership further reinforces CE Power’s commitment to the Tennessee and greater Southeast marketplace, including the Knoxville, Tenn. area where CE Power already has a growing presence.
“This is a great opportunity to bring two well-respected companies together to better serve clients in Tennessee and the surrounding areas”, said Mose Ramieh Jr., President of PGTI. “We look forward to providing additional services to our customers through CE Power’s extensive capabilities and resources across multiple states” added Mose Ramieh III, Vice President of PGTI.
“We are thrilled about partnering with PGTI and believe the customers and employees of both organizations will benefit from this partnership as we continue to grow as a premier independent electrical power solutions provider in the Eastern U.S.,” said Bill McCloy, President & CEO of CE Power.
CE Power is a leading independent provider of outsourced power system engineering, testing, and maintenance services that enhance the functionality and reliability of the electric grid. CE Power provides its services to electric utilities and industrial companies, and to certain commercial clients with critical power applications such as hospitals and data centers. CE Power’s services are delivered with the core business values of honesty and safety for employees, customers, and suppliers. CE Power is committed to being the leading-edge service provider to ensure asset integrity for new and existing electrical power systems. For more information please visit the Company’s website at www.cepower.net.
Mason Wells is a leading Midwest-based private equity firm that is currently investing through Mason Wells Buyout Fund III, a $525 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Outsourced Business Services, Consumer Packaged Goods, Engineered Products & Services, and Packaging Materials & Converting. For more information related to Mason Wells, please visit the firm’s website at www.masonwells.com.