Secondary Buyout • Energy Services and Equipment

Kohlberg & Company and CPP Investments Acquire RESA Power

On April 29, 2025, private equity firm Kohlberg & Company and pension CPP Investments acquired energy services and equipment company RESA Power from Investcorp

Acquisition Context
  • This is Kohlberg & Company’s 1st and CPP Investments’ 4th transaction in the Energy Services and Equipment sector.
  • This is Kohlberg & Company’s 80th and CPP Investments’ 80th transaction in the United States.
  • This is Kohlberg & Company’s 8th and CPP Investments’ 12th transaction in Texas.

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M&A Deal Summary

Date April 29, 2025
Target RESA Power
Sector Energy Services and Equipment
Buyer(s) Kohlberg & Company
CPP Investments
Sellers(s) Investcorp
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities
Baird (Financial)
Gibson, Dunn & Crutcher
Kirkland & Ellis (Legal)

Target Company

RESA Power

Houston, Texas, United States
RESA Power provides mission-critical electrical system services and products for industrial, commercial, institutional, government, and utility end-users across North America. It provides quick turn-around custom manufactured or retrofit switchgear & breaker solutions and maintains an extensive inventory of obsolete and hard-to-find components. RESA Power was founded in 1928 and is based in Houston, Texas.
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Buyers Overview 2

Buyer

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


Deal Context for Buyer #
Overall 81 of 82
Sector: Energy Services and Equipment 1 of 1
Type: Secondary Buyout 35 of 35
State: Texas 8 of 8
Country: United States 80 of 81
Year: 2025 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 GPRS

Maumee, Ohio, United States

GPRS is a provider of private utility locating and concrete scanning services to utilities, contractors, engineering firms, and environmental consultants in every major market in the United States. GPRS was founded in 2001 and is based in Maumee, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-09 Teleflex Medical OEM

Plymouth, Minnesota, United States

Teleflex Medical OEM is a contract developer and manufacturer of custom-engineered interventional catheter components and sub-assemblies, as well as surgical fibres and sutures. Teleflex Medical OEM is based in Plymouth, Minnesota.

Buy $1.5B
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 171 of 176
Sector: Energy Services and Equipment 4 of 4
Type: Secondary Buyout 45 of 46
State: Texas 12 of 12
Country: United States 80 of 82
Year: 2025 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-09 U.S. Urology Partners

Brentwood, Tennessee, United States

U.S. Urology Partners offers an alternative to hospital acquisition, allowing urology practices to retain their independence while benefitting from operational support, management expertise and deep financial resources of a partner. U.S. Urology Partners was founded in 2018 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-30 SG Fleet

Pymble, Australia

SG Fleet is a provider of integrated mobility solutions, including fleet management, vehicle leasing and salary packaging services. SG Fleet was founded in 1986 and is based in Pymble, New South Wales.

Buy AU$1.4B

Seller Profile 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


Deal Context for Seller #
Overall 111 of 111
Sector: Energy Services and Equipment 2 of 2
Type: Secondary Buyout 37 of 37
State: Texas 8 of 8
Country: United States 63 of 63
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-25 Contentserv

Rohrbach, Germany

Contentserv is a provider of Product Information Management (“PIM”) software combining Product Information Management (PIM), Master Data Management (MDM), and Marketing Experience Management (MxM) though Product Experience Platform, which allows retailers and brand owners to offer the rich, relevant, and emotional product experiences that exceed their customers'​ expectations. Contentserv was founded in 1999 and is based Rohrbach, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-17 Kanawha Scales & Systems

Poca, West Virginia, United States

Kanawha Scales & Systems is a provider of weighing calibration and repair services, and automation solutions that support mission-critical operations. Kanawha Scales & Systems was founded in 1954 and is based in Poca, West Virginia.

Buy -