Pearce Services Acquires Unified Power with New Mountain Capital's Backing
Deal News | Dec 17, 2024 | Ropes & Gray
Ropes & Gray played a central role in advising New Mountain Capital and its portfolio company, Pearce Services, on the acquisition of Unified Power, a notable provider of preventative maintenance and repair services for power systems. The firms made the acquisition announcement on December 17. New Mountain Capital, based in New York, is distinguished for its emphasis on business growth rather than exaggerated risk, managing roughly $55 billion across various investment strategies. Pearce Services, recognized as a national leader, specializes in delivering operations, maintenance, and engineering support for critical infrastructure in the U.S. The legal guidance from Ropes & Gray was led by notable partners including Todd B. Kornreich and Carl Marcellino, among others with expertise in finance, tax, employment, strategic transactions, data privacy, litigation, and real estate sectors.
Sectors
- Private Equity
- Energy Infrastructure
- Legal Advisory
Geography
- United States – Pearce Services operates nationally, and New Mountain Capital is based in New York, indicating the geographical relevance to the United States.
Industry
- Private Equity – The article involves New Mountain Capital, a private equity firm managing investment strategies, indicating the relevance of this industry.
- Energy Infrastructure – Unified Power, the target company, provides maintenance and repair services for power systems, relating to the energy infrastructure industry.
- Legal Advisory – Ropes & Gray provided legal services for the transaction; thus, the legal advisory industry is pertinent to the article.
Financials
- $55 billion – Assets under management by New Mountain Capital.
Participants
Name | Role | Type | Description |
---|---|---|---|
Ropes & Gray | Legal Advisor | Company | Provided comprehensive legal guidance for the transaction. |
New Mountain Capital | Private Equity Firm | Company | Investment firm emphasizing growth and managing $55 billion in assets. |
Pearce Services | Portfolio Company and Buyer | Company | National provider of operations, maintenance, and engineering services, and acquirer of Unified Power. |
Unified Power | Target Company | Company | Provider of maintenance and repair services for power systems. |
Todd B. Kornreich | PE Transactions Partner | Person | Led the Ropes & Gray legal team. |
Carl Marcellino | PE Transactions Partner | Person | Co-led the legal team for the transaction. |