Chicago, IL – April 11, 2011 – Pfingsten Partners, L.L.C. (“Pfingsten”) announces its investments in On Computer Services, LLC (“On Services”) and Power Protection Unlimited (“PPU”). The combination of On Services and PPU (the “Company”) creates a leading national, independent service provider for the critical power industry. On Services is a Terrell, Texas based national independent service and equipment provider for mission critical power equipment, offering a full range of preventative, remedial and emergency maintenance services. PPU, based in Rosedale, Maryland, provides complementary services in the mid-Atlantic States.
The Company operates two primary business lines. The services division includes full service and preventative maintenance contracts, time and material services, load bank testing and thermographic services. The equipment division provides equipment recycling and refurbishment, parts sales and rental power equipment. Through its acquisition of PPU, the Company added electrical installation services for mission critical data center and related end market applications.
“Through our partnership with Pfingsten, our focus is on expanding our collective product and service offerings and growing our field engineering resources to solidify our national footprint,” said Cliff Rogers, CEO of On Services. “We are thrilled to join On Services and Pfingsten Partners as we expand our national reach and service offerings to both existing and potential new customers,” echoed Mike Loveless, President and co-founder of PPU. “The combined platform should allow us to take full advantage of opportunities in the broader power services market,” noted Rob Parrish, Vice President and co-founder of PPU.
John Underwood, Senior Managing Director at Pfingsten, said “We look forward to building on our relationship with Cliff Rogers, Mike Loveless, and Rob Parrish and the teams of both On Services and PPU. We are excited to help provide a platform for the next stage in the Company’s evolution.”
The investments were completed on January 6 and April 6, 2011. No financial terms were disclosed. For more information visit On Services, (www.gowithon.com) and PPU (www.upspower.com).
About Pfingsten Partners
Pfingsten Partners is an operationally focused private equity firm founded in 1989. From its headquarters in Chicago and offices in ChangAn, China and New Delhi, India, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering. Since completing its first investment in 1991, Pfingsten Partners has acquired 76 manufacturing, distribution and business service companies and has over $1.2 billion of capital under management. For more information, visit www.pfingstenpartners.com.
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