NEW YORK, Dec. 17, 2018 /PRNewswire/ -- In partnership with GenNx360 Capital Partners, GenServe, LLC ("GenServe"), a leader in the sale, maintenance and repair of industrial generators and backup power solutions, acquired On Call Power, Co., Inc. ("On Call Power" or the "Company") on December 11, 2018.
Based in Bohemia, New York, On Call Power provides maintenance and repair services to industrial generators and backup power solutions, as well as generator and equipment sales and rentals. The Company serves a diverse set of customers in the healthcare, corporate, real estate and municipal end markets.
"The acquisition of On Call Power further strengthens GenServe's position as the market leader for industrial generator maintenance and service in the Metro-NY and Long Island regions," said Mike Vahling, President and COO of GenServe. "The Company has an attractive and diverse book of business that presents a highly strategic fit being located in close proximity to our largest branch."
"GenNx360 and the GenServe management team are highly focused on geographic expansion into new regions, as well as expansion within GenServe's existing service footprint. The acquisition of On Call Power is a great example of the latter," said Daphne Dufresne, GenServe Board member and Managing Partner at GenNx360.
GenServe is headquartered in Plainview, NY with two additional branch offices in Fairfield, NJ and Pennsauken, NJ. GenServe is a leader in the sale, maintenance and repair of industrial generators and backup power solutions. The Company has the largest team of EGSA certified technicians in its core service area of Metro-NY, Long Island, New Jersey, and Eastern Pennsylvania. GenServe is a one-stop shop provider of comprehensive emergency power supply system solutions to protect companies against the high cost of power failure. For more information on GenServe Inc., please visit www.genserveinc.com
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business services and industrial companies. We invest in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns. Target industries include industrial machinery and components, logistics and supply chain solutions, industrial and environmental services, food and agricultural products and services, infrastructure equipment and services, specialty chemicals, packaging, and aerospace and defense. GenNx360 was founded in 2006 and is headquartered in New York City. For more information on GenNx360 Capital Partners, please visit http://www.gennx360.com.
For media inquiries about this press release, please contact:
GenNx360 Capital Partners
Carmen Rojas, Investor Relations Manager
Tel: +1 212.257.6772
SOURCE GenNx360 Capital Partners