Worth Investment Group Adds Energy Systems of Stockton, California to Its Diverse Portfolio of Investments New acquisition will continue to do business as Energy Systems
JACKSON, Mich., Jan. 10, 2013 /PRNewswire/ -- Worth Investment Group (www.worth-investments.com) has announced an entrance into the power generation marketplace with the acquisition of Energy Systems. A highly regarded distributor of generator systems and parts, Energy Systems has been satisfying commercial and industrial clients since 1933. Worth Investment Group believes that Energy Systems is uniquely poised for growth well into the future.
The acquisition of Energy Systems was completed as of December 31, 2012. Financial terms of the deal will not be disclosed. This is Worth Investment Group's 13th acquisition, a move that positions the company as the first non-family owner of Energy Systems since its inception. Owning to its already strong market position, the organization and branding of Energy Systems will remain unchanged, and Worth Investment Group intends to remain the owner for decades to come.
Growing demand in the generator market as well as significant opportunities to grow the company organically served as the primary reasons for this acquisition. Power grids everywhere are maxing out their capacity, resulting in crippling failures and brownouts. In addition, the need for consistent, reliable power is amplified as the world's economies enter the digital age. Today, generators represent affordable, safe and clean sources of backup or alternative power.
Energy Systems consists of four essential units: Sales, Rental, Service and Training. The sales force boasts more than 100 years of experience in the industry, with products designed to meet virtually any requirement. The rental operation manages a flexible inventory of products designed to respond to unpredictable circumstances, such as extreme weather. The leading generator manufacturers are all represented: Generac, Doosan, DCL International and GE Generator Systems. However, the unique aspect of Energy Systems' operations is their in-house training lab. The company offers Generac training for all technicians, a first-of-its-kind innovation. In 2010, Generac named Energy Systems as the premier training and certification facility in the world.
"We saw a fantastic opportunity to join with a proven winner in the power generation sector," said Eric Boorom, Managing Partner of Worth Investment Group. "Energy Systems is uniquely positioned to meet the surging demand for alternative power generation solutions. Natural disasters and power grid failures combine to rob the US economy of tens of billions of dollars each year. Power loss at a grocery store, for instance, might cost tens of thousands of dollars every hour. Energy Systems brings together the best salespeople, technicians and products to form a nucleus of proven success with which Worth Investment Group is happy to collaborate."
About Worth Investment Group, LLC
Worth Investment Group is a private holding company focused on acquiring companies in the middle-market, partnering with management to build even greater value, and holding these companies for the long term. Based in Jackson, Michigan, Worth Investment Group acquires companies headquartered in North America with management teams that seek to leverage our strategic resources to achieve operational improvement; accelerate growth through strategic repositioning; realize scale benefits through add-on acquisitions; and achieve a leading market position.
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SOURCE Worth Investment Group, LLC