M&A Deal Summary

Canter Power Systems Acquires Grasten Power Technologies

On October 23, 2024, Canter Power Systems acquired energy services and equipment company Grasten Power Technologies

Acquisition Highlights
  • This is Canter Power Systems’ 1st transaction in the Energy Services and Equipment sector.
  • This is Canter Power Systems’ 1st transaction in the United States.
  • This is Canter Power Systems’ 1st transaction in Texas.

M&A Deal Summary

Date 2024-10-23
Target Grasten Power Technologies
Sector Energy Services and Equipment
Buyer(s) Canter Power Systems
Deal Type Add-on Acquisition

Target

Grasten Power Technologies

Conroe, Texas, United States
Grasten Power Technologies is an installer and service provider of home standby generators throughout Houston and the broader Texas market. Grasten Power Technologies is based in Conroe, Texas.

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Buyer(S) 1

Buyer

Canter Power Systems

Greensboro, North Carolina, United States

Category Company
Founded 1948
Sector Energy Services and Equipment
DESCRIPTION

Canter Power Systems is a Generac Power Premier Pro dealer and one of the largest independent installer of home standby generators in the U.S. Canter Power Systems’ solution capabilities include residential backup generator systems, battery storage technology and preventative maintenance and residential field services. Canter Power Systems was founded in 1948 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1