Company Overview
Leading third-party maintenance, repair, and overhaul services provider for marine and power generation applications.
Investment Status
Active. Seeking add-on acquisitions to expand technical capabilities, enhance geographic reach, and penetrate additional end markets.
Transaction Overview
Recapitalization of the company. The owners and management team invested in the transaction alongside MPE.
Investment Thesis
- Industry-leading, independent, third-party MRO services provider for mission critical marine and power generation applications
- Compelling industry fundamentals including an aging installed base of complex power generation applications that require service by highly skilled technicians to maintain optimal performance and functionality
- Continue to invest in engineering, technical, and commercial resources to scale the business
- Pursue complementary acquisitions to expand geographic reach, increase technical proficiency, and expand channel relationships
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