M&A Deal Summary

Shermco Industries Acquires Southwest Energy Systems

On August 5, 2019, Shermco Industries acquired utilities company Southwest Energy Systems

Acquisition Highlights
  • This is Shermco Industries’ 1st transaction in the Utilities sector.
  • This is Shermco Industries’ 3rd transaction in the United States.
  • This is Shermco Industries’ 1st transaction in Arizona.

M&A Deal Summary
Date 2019-08-05
Target Southwest Energy Systems
Sector Utilities
Buyer(s) Shermco Industries
Deal Type Add-on Acquisition

Target

Southwest Energy Systems

Phoenix, Arizona, United States
Southwest Energy Systems LLC is an independent, third-party electrical testing and engineering company providing testing, analysis, and maintenance for electrical systems. As a NETA Accredited Company, Southwest Energy engineers and technicians are highly competent, experienced, and have broad-based, up-to-date knowledge of all types of electrical equipment in every industry.

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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 4 of 12
Sector (Utilities) 1 of 2
Type (Add-on Acquisition) 4 of 11
State (Arizona) 1 of 1
Country (United States) 3 of 9
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 PRIT Service

Minooka, Illinois, United States

PRIT Service, Inc. is a provider of electrical testing and analysis services. PRIT services include maintenance and acceptance testing of electromechanical/solid state/microprocessor based relays and power distribution equipment on systems from 345 kV to 208/120 volts.

Buy -
FOLLOWING 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 -
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