M&A Deal Summary

Shermco Industries Acquires NextGen Technologies

On September 10, 2019, Shermco Industries acquired utilities company NextGen Technologies

Acquisition Highlights
  • This is Shermco Industries’ 2nd transaction in the Utilities sector.
  • This is Shermco Industries’ 2nd transaction in Canada.
  • This is Shermco Industries’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-09-10
Target NextGen Technologies
Sector Utilities
Buyer(s) Shermco Industries
Deal Type Add-on Acquisition

Target

NextGen Technologies

North Vancouver, British Columbia, Canada
website
NextGen Technologies Ltd. is an integrated electrical testing services provider that designs, tests, commissions, and maintains and repairs communications and protection and control systems. NextGen also provides turnkey electrical engineering, procurement, and construction solutions for clients across North America, from design through to building, installation, and maintenance.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Shermco Industries

Irving, Texas, United States

website

Category Company
Founded 1974
Sector Utilities
DESCRIPTION

Shermco Industries, Inc. is a provider of electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets. With more than 20 locations, Shermco serves a diversified blue-chip customer base across North America. The Company is an active participant in the InterNational Electrical Testing Association, Electrical Apparatus Service Association, and American Wind Energy Association.

DEAL STATS #
Overall 6 of 10
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 6 of 9
State (British Columbia) 1 of 1
Country (Canada) 2 of 3
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 EMD

Wichita Falls, Texas, United States

EMD, Inc. is a provider of process controls services including automated control systems design, systems integration, electrical engineering, custom programming, and fabrication of power distribution centers, electrical racks, and control panels. EMD, Inc. was founded in 1984 and is based in Wichita Falls, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Ready Engineering

Spruce Grove, Alberta, Canada

Ready Engineering Corp. is a provider of electrical, controls, and industrial information systems. Ready Engineering operates in a diverse range of sectors across North America. Ready Engineering's specialty services include design and field engineering, power system designs, control system installations, and upgrades, software verification and validation, commissioning, start-up support, generator testing, and dynamic modeling, NERC/CIP, protection coordination, substation protection, and CEMS automation. Ready Engineering is based in Spruce Grove, Alberta.

Buy -
Mergr

Product

Company

Legal