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
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.

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Buyer(S) 1

Buyer

Shermco Industries

Irving, Texas, United States
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 12
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 6 of 11
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
2020-10-12 Enthalpy Energy Services

Denver, Colorado, United States

Enthalpy Energy Services is a professional engineering, field engineering, startup & commissioning, and field-testing services organization serving all energy sectors. Enthalpy offers key solutions for new projects, retrofits, upgrades, operations & maintenance, decommissioning lockout-tagout administration. Enthalpy Energy Services was established in 2017 and is based in Denver, Colorado.

Buy -
Mergr

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