RESA Power acquires PARC
ESA Power, LLC has announced the acquisition of Power Asset Recovery Corporation (PARC).
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USA, Houston: RESA Power, LLC, a company focused on power systems electrical testing, transformer services, and life extension solutions for power distribution equipment, has acquired Power Asset Recovery Corporation (PARC). This is the eighth acquisition the company has completed in 2024, and the thirteenth since joining Investcorp in the beginning of 2022.
Based in North Canton, OH, PARC has specialized in supplying substation transformers ranging from 5 MVA to >100 MVA, along with high-voltage transformer parts such as insulated bushings (up to 500 kV), pumps, LTC switches, fans, and gauges since 1996. The company is closely aligned with RESA Power’s transformer services business, and this acquisition will enable the companies to offer a broadened portfolio of products and services to their customers.
Mark Angus, Chief Growth Officer at RESA Power, said: “I’m genuinely delighted and excited to have Rick and the PARC team join RESA. From our very first meeting, it became obvious that not only is there alignment from a business perspective, but we share the same passion, enthusiasm, and unrelenting focus on providing our customers with unparalleled levels of service and accessibility to hard-to-find electrical power distribution solutions.”
Rick Kopf, President and Founder of Power Asset Recovery Corporation, commented: “Along with my fellow co-owners, we are excited to partner with RESA Power. Their national footprint and broad range of electrical power services and products will allow us to expand more quickly into new geographic markets and provide our customers with an expanded product and service offering.”
Source: RESA Power
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