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CE Power Acquires US Electrical Power Services Firm.

M2 EQUITYBITES-April 10, 2017-CE Power Acquires US Electrical Power Services Firm


10 April 2017 - US-based outsourced power system engineering, testing, and maintenance services company CE Power Engineered Services, LLC (CE Power) has acquired US-based electrical power services company firm Utilities Plus Energy Services Inc., the company said.

Terms of the deal were not disclosed.

UPES is a full service electrical power services company. It specialises in electrical power engineering, acceptance and maintenance testing, substation construction, and services related to circuit breaker and transformer repairs.

Based in Elk River, Minnesota. UPES will operate as Utilities Plus Energy Services, a wholly owned subsidiary of CE Power Engineered Services, LLC.

The UPES team has a record of working with industrial, utility, government, commercial, wind, and solar clients.

CE Power is an independent provider of outsourced power system engineering, testing, and maintenance services designed to enhance the functionality and reliability of the electric grid.

The company provides its services to electric utilities and industrial companies, and to certain commercial clients with critical power applications such as hospitals and data centres.

Founded in 2000, Utilities Plus Energy Services provides electrical testing, maintenance, engineering, and 24-hour emergency service to the Midwest, from Eastern Ohio to the Rocky Mountains and from the Canadian border to the Gulf of Mexico.

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Publication:M2 EquityBites (EQB)
Date:Apr 10, 2017
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