Terrell-based Unified Power, a national provider of repair and maintenance services for uninterruptible power supply systems and backup generators, has been acquired by California-based Pearce Services, a leading national provider of operations, maintenance, and engineering services for critical infrastructure.
“I have long admired Pearce’s commitment to its customers and its track record of growth,” Paul Belliveau, president and CEO of Unified Power, said in a statement. “Our complementary capabilities will enhance Pearce’s market presence and drive significant growth for both companies. I look forward to working with the entire Pearce team to deliver a comprehensive and differentiated service offering for our customers.”
Terms of the deal were not disclosed.
With more than 3,500 employees, the combination creates one of the leading independent service providers for power continuity solutions in the United States, Pearce said.
Unified Power was founded in 2011. It provides services to more than 6,000 customer facilities across the data center, telecommunications, healthcare, government, and other mission-critical end markets. Its best-in-class critical power solutions include routine and preventative maintenance, testing and inspection, troubleshooting, repair, replacement, and equipment sales for UPS systems and backup power generators.
“The acquisition of Unified Power marks a significant milestone in our company’s history,” Pearce CEO Michelle Edler said in a statement. “With the addition of Unified Power, we are expanding our capabilities to include UPS services and entering new critical infrastructure end markets such as data centers, which are experiencing accelerated growth and an increasing need for power continuity. I have been incredibly impressed with the Unified Power team, and it is clear they share our commitment to quality, innovation, and safety.”
Pearce is backed by New Mountain Capital, a growth-oriented alternative investment firm. Pearce and New Mountain worked with Goldman Sachs Alternatives’ Hybrid Capital group, which provided incremental capital to support the transaction.
Ropes & Gray served as legal adviser to Pearce Services and New Mountain, and Solomon Partners served as financial adviser to Unified Power on the transaction.
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