Shermco Expands Capacity with Strategic Acquisition of PPS
Deal News | Mar 11, 2025 | Gryphon Investors
Shermco Industries, renowned for its expertise in electrical testing, engineering, maintenance, and repair, has announced its strategic acquisition of Power Products and Solutions (PPS). PPS, based in Charlotte, NC, is known for its electrical testing and breaker reconditioning expertise. This acquisition has doubled Shermco's capacity in the Charlotte area, significantly strengthening its infrastructure and service delivery capability throughout the Southeast and beyond. With no financial details disclosed, this tactical advancement underscores Shermco's dedication to delivering premier electrical system expertise and reliability. Phil Petrocelli, CEO of Shermco, highlights the enhancement of technical capabilities, workforce expansion in Charlotte, and the bolstering of service portfolios, including a PEARL-certified breaker shop. As Shermco is predominantly owned by Gryphon Investors, a San Francisco-based private investment firm, the acquisition aligns with Gryphon’s strategy to nurture and accelerate the growth of promising companies through strategic partnerships.
Sectors
- Electrical Testing and Maintenance
- Private Equity
Geography
- United States – The acquisition and the companies involved are predominantly operating within the United States, specifically anchored around Charlotte, NC and extending broadly across the Southeast region.
Industry
- Electrical Testing and Maintenance – The acquisition involves companies that specialize in electrical testing, engineering, maintenance, and repair, a critical niche within the broader industrial services sector.
- Private Equity – Gryphon Investors, as the private equity firm backing Shermco, plays a pivotal role in the financial and strategic proceedings of the acquisition.
Financials
- Not disclosed – The terms of the transaction involving Shermco's acquisition of PPS were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shermco Industries | Acquiring Company | Company | A leading provider of electrical testing, engineering, and maintenance services. |
| Power Products and Solutions (PPS) | Target Company | Company | A NETA-accredited provider of electrical testing and PEARL-certified breaker reconditioning services. |
| Gryphon Investors | Private Equity Firm/Investor | Company | A middle-market investment firm backing Shermco Industries. |