RESA Power Secures Successful Exit to Kohlberg in Landmark Investcorp Deal
Deal News | May 01, 2025 | Zawya
Global investment firm Investcorp has sold its investment in RESA Power, an electrical testing and solutions provider, to Kohlberg. This transaction is the first successful exit for Investcorp's North American Private Equity Fund I. Under Investcorp's ownership since 2021, RESA quadrupled its revenue and expanded significantly across North America through strategic mergers and acquisitions. Key growth strategies included organic growth, a national accounts strategy, and enhanced employee engagement through an ownership program that reduced turnover by 10%. Investcorp executives lauded the success of the deal, highlighting their strategy to grow industrial services through digitalization, mergers, acquisitions, and talent development. RESA CEO Scott Harrison praised Investcorp for its guidance and contributions to the company's digital transformation and value creation plan.
Sectors
- Private Equity
- Electrical Services
- Industrial Services
Geography
- Bahrain – Investcorp is a global investment firm headquartered in Bahrain, pivotal in this transaction.
- North America – RESA Power expanded its services and revenue significantly across North America under Investcorp's ownership.
- United States – Investcorp emphasized the importance of the US market in their growth strategy, contributing to successful investment outcomes.
Industry
- Private Equity – The article discusses the successful exit of a private equity investment by Investcorp, a key player in private markets.
- Electrical Services – RESA Power is a provider of electrical testing and transformer services, making this industry relevant to the transaction.
- Industrial Services – The article outlines strategic growth and service expansion in the industrial services sector for power distribution equipment.
Financials
- Revenues quadrupled – RESA Power's revenues increased approximately fourfold during Investcorp's ownership.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Seller | Company | A global investment firm involved in private equity, real estate, and credit investments. |
| RESA Power | Target Company | Company | A provider of electrical testing, transformer services, and power distribution solutions. |
| Kohlberg | Buyer | Company | A private equity firm that acquired RESA Power from Investcorp. |
| Mohammed Alardhi | Executive Chairman of Investcorp | Person | Highlighted the strategic success and growth facilitated by the US market. |
| Yusef Al Yusef | Global Head of Distribution at Investcorp | Person | Described the sale as a tremendous outcome and strategic validation. |
| Scott Harrison | CEO of RESA Power | Person | Praised Investcorp's guidance in establishing digital transformation and M&A foundations. |