Resa Power Solutions Acquires Transformer Testing And Repairs, Inc.
San Jose, CA, March 19, 2015 – RESA Power Solutions, the market leader in life extension solutions for power distribution equipment, has acquired Transformer Testing and Repairs, Inc. based in Fairfield, California.
Transformer Testing and Repairs, Inc. (TTR, www.transformerservices.com) has been serving the Northern California area since 1988. “The acquisition of Transformer Testing and Repairs, Inc. and its addition to our own Transformer Services business unit further expands RESA’s footprint into the California market and allows us to provide our customers with the full scope of our life extension solutions for electrical power transmission and distribution market. We are very excited to welcome the Transformer Testing and Repairs, Inc. team to the RESA Power Solutions family,” says Dorian Alexandrescu, President and CEO of RESA Power Solutions.
Jenny Chai-Caples, President & Greg Caples, COO said, “We are very excited to join the RESA Power Solutions team. For well over 20 years, we have gained confidence with our customers by providing quality transformer testing and repair services that are second to none. With RESA’s management and industry experience, they are bringing a vast network of resources, which makes this the perfect acquisition of Transformer Testing & Repairs, Inc. Our acquisition will not only help us to add more versatility and value for our customers, but it will also bring new growth and career opportunities to our employees. We are truly looking forward to being a part of RESA Power Solutions and our new dynamic team will continue to expand our reach and continue to be the industry leaders in the electrical life extension solutions market.”
RESA plans to operate Transformer Testing and Repairs, Inc. at the local facility in Northern California with its current local staff and leadership. The transition to the RESA name and brand will take 12 to 24 months to complete. Customers can expect to continue to receive the same stellar quality service they have come to know with Transformer Testing and Repairs, Inc.
ABOUT RESA POWER SOLUTIONS
RESA Power Solutions is the market leader in life extension solutions for power distribution equipment. RESA is comprised of business units across the United States specializing in various niche power distribution & circuit protection markets such as obsolete & hard-to-find inventory, fast turnaround on current model equipment, engineering services and testing & maintenance. RESA has several primary distribution facilities and service centers across the U.S., accommodating one of the largest inventory of power distribution and control equipment in North America. RESA now employs field sales engineers around the country and serving every major US metropolitan area through our network of business units. For more information about how to join the RESA Power Solutions group, visit www.resapower.com
BCMS acted as the exclusive financial advisor to Transformer Testing & Repairs, Inc.
M&A advisor BCMS is a market leader in the sale of privately owned companies, having completed in excess of 500 deals in the last decade. With North American headquarters in New York City, BCMS has a presence across five continents, with over 240 professionals based at 23 different offices.