Power Gen Holdings, LLC is a leading provider of maintenance, modification and staff augmentation services to the nuclear, fossil and hydroelectric power generation markets.
Situation:
- Power Gen Holdings had enjoyed a 67% increase in revenues and over 100% increase in EBITDA in the three years prior to the sale. Based upon the Company’s success and to expedite future growth opportunities, the shareholders hired Anderson LeNeave to seek liquidity for their investment
Challenges:
- The specialized nature of the utility services industry, nuclear services in particular, limited the buyer population to a handful of large domestic and international strategic acquirers
- Convincing potential acquirers that new long-term contracts recently awarded to the Company would lead to material increases in revenues and profitability
Successful Solution:
- Anderson LeNeave contacted numerous strategic and financial buyers
- Power Gen was sold to Bartlett Holdings, Inc. a portfolio company of Summit Partners and Berkshire Partners, LLC
