RESA Power Sells to Kohlberg After Quadrupling Business in Three Years
Deal News | Apr 29, 2025 | Investcorp
Investcorp has finalized the sale of RESA Power, a key player in power systems electrical testing and life extension solutions, to Kohlberg. Since its acquisition by Investcorp in 2021, RESA Power significantly grew its revenue and EBITDA by over fourfold. The company, demonstrating prowess in organic and inorganic growth, expanded its geographical and product reach and implemented an Employee Ownership Program unprecedented in the electrical power industry. The strategic use of machine learning and AI to enhance customer service also marked a milestone in RESA's journey. Executive figures from both parties commended the outcome of their partnership, indicating a promising trajectory for RESA under Kohlberg's ownership. Investcorp's track record in the US market, particularly in mid-market businesses, stands reinforced by this transaction, which was facilitated by Guggenheim Securities, LLC and Baird as financial advisors, and Gibson, Dunn & Crutcher LLP as legal counsel.
Sectors
- Private Equity
- Power Systems and Electrical Services
- Business & Professional Services
Geography
- United States – The key activities and growth of RESA Power and Investcorp's operations occurred in the United States, particularly in the North American market.
- North America – RESA Power serves thousands of customers across North America, indicating its broad geographical influence in the region.
Industry
- Private Equity – Investcorp is a global alternative investment management firm specializing in private equity investments.
- Power Systems and Electrical Services – RESA Power operates within the power systems industry, providing electrical testing, transformer services, and life extension solutions for power distribution equipment.
- Business & Professional Services – The focus on transforming middle-market service businesses highlights the relevance of business and professional services in the transaction.
Financials
- 4x – The growth in revenue and EBITDA of RESA Power under Investcorp's ownership.
- $23 billion – Total transaction value deployed by Investcorp's North America Private Equity group since inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Seller | Company | A global alternative investment firm selling its stake in RESA Power. |
| RESA Power | Target | Company | A leading provider of power systems electrical testing and services. |
| Kohlberg | Buyer | Company | An investment firm acquiring RESA Power. |
| Guggenheim Securities, LLC | Financial Advisor | Company | Acted as a financial advisor to Investcorp and RESA. |
| Baird | Financial Advisor | Company | Provided financial advisory services to Investcorp and RESA. |
| Gibson, Dunn & Crutcher LLP | Legal Advisor | Company | Provided legal counsel to Investcorp and RESA. |
| Mohammed Alardhi | Executive Chairman | Person | The Executive Chairman of Investcorp. |
| Amit Gaind | Senior Managing Director | Person | Senior Managing Director and Head of Commercial Services at Investcorp. |
| Scott Harrison | Chief Executive Officer | Person | CEO of RESA Power. |