The acquisition reinforces Shermco’s key services, expands its footprint in Central Texas, and supports its strategic expansion in the rapidly growing data center market, the company said.
The transaction signals a leadership transition for Caldwell Velnambi, founder and former chairman of NoblQ, and Nepoleon Duraisamy, former co‑chairman and chairman & CEO of its subsidiary, Jeevan Technologies, both of whom have sold their remaining interests in the company.