M&A Deal Summary

Qualus Power Services Acquires CE Power Solutions

On August 31, 2018, Qualus Power Services acquired utilities company CE Power Solutions from Mason Wells

Acquisition Highlights
  • This is Qualus Power Services’ 2nd transaction in the Utilities sector.
  • This is Qualus Power Services’ 2nd transaction in the United States.
  • This is Qualus Power Services’ 1st transaction in Ohio.

M&A Deal Summary

Date 2018-08-31
Target CE Power Solutions
Sector Utilities
Buyer(s) Qualus Power Services
Sellers(s) Mason Wells
Deal Type Merger

Target

CE Power Solutions

Cincinnati, Ohio, United States
CE Power Solutions LLC is an independent provider of outsourced power system engineering, project management, testing, and maintenance services that enhance the functionality and reliability of the electric grid. CE Power provides its services to electric utilities and industrial companies, and commercial clients with critical power applications such as hospitals and data centers. CE Power’s services are delivered with the core business values of honesty and safety for employees, customers, and suppliers.

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Buyer(S) 1

Buyer

Qualus Power Services

Cincinnati, Ohio, United States

Category Company
Founded 2018
Sector Energy Services and Equipment
DESCRIPTION

Qualus Power Services is a provider of engineering and specialized technical field services to utility and private power grid infrastructure. Qualus Power Services was founded in 2018 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 2 of 4
Sector (Utilities) 2 of 3
Type (Merger) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-31 Power Grid Engineering

Lake Mary, Florida, United States

Power Grid Engineering LLC specializes in substation design, field testing and commissioning and consultation for the power systems industry. Its corporate headquarters are located in Central Florida with regional offices in Birmingham, Alabama, El Dorado, Kansas and Raleigh, North Carolina, each equipped with the most current industry resources available to ensure high-quality customer service. Power Grid Engineering’s services include relay settings, protection and control, substation engineering, generation interconnect, field services, planning and systems studies, program management and power systems training.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Patterson Power Engineers

Chattanooga, Tennessee, United States

Patterson Power Engineers is an engineering firm in the power system protection space. PPE’s focus is on power system protection and analysis and the company’s engineers are dedicated to being the best in their field. Patterson Power Engineers was founded in 2010 and is based in Chattanooga, Tennessee.

Buy -

Seller(S) 1

SELLER

Mason Wells

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mason Wells is a private equity firm focused on middle-market buyout opportunities in the Midwest US. Mason Wells looks to invest in businesses operating in engineered products and services, outsourced business services, and specialty packaging. Target companies typically generate revenue of $25 to $300 million and EBITDA of at least $5 million. The Firm prefers businesses with high barriers to entry, limited customer concentration, and strong market positions. Mason Wells was originally formed 1982 as a subsidiary of Marshall & Ilsley Corporation and became an independent firm in 1998. Mason Wells is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 31 of 40
Sector (Utilities) 1 of 1
Type (Merger) 1 of 2
State (Ohio) 2 of 3
Country (United States) 30 of 38
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-31 Qualus Power Services

Cincinnati, Ohio, United States

Qualus Power Services is a provider of engineering and specialized technical field services to utility and private power grid infrastructure. Qualus Power Services was founded in 2018 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Buy -