Le Lézard
Classified in: Mining industry, Oil industry, Business
Subject: TNM

GenNx360 Capital Partners Announces GenServe's Acquisition of Power Performance Industries


NEW YORK, April 22, 2019 /PRNewswire/ -- GenNx360 Capital Partners ("GenNx360") is pleased to announce that its portfolio company, GenServe, LLC ("GenServe"), has acquired Power Performance Industries ("PPI" or the "Company") on April 18, 2019. 

Based in Yonkers, New York, PPI provides maintenance and repair services to industrial generators and backup power solutions, as well as generator and equipment sales and rentals. The Company serves a diverse set of customers in the healthcare, corporate and real estate end markets.

"PPI offered an attractive opportunity for us to strengthen our repair and maintenance portfolio in the Metro New York area while further expanding into the Northern New York and Connecticut regions. In addition, the Company has exciting and strategic relationships on both the equipment sales and service side that we look forward to further developing," said Mike Vahling, President and COO of GenServe.

"PPI is a great addition to the GenServe platform. This move continues GenNx360's buy and build strategy and further positions GenServe as the leading generator maintenance, service and sales provider in the North Atlantic region," said Daphne Dufresne, GenServe Board member and Managing Partner at GenNx360.

About GenServe

GenServe is a leader in the sale, maintenance and repair of industrial generators and backup power solutions. The Company has the largest team of EGSA certified technicians in its core service area of Metro New York, Long Island, New Jersey, and Eastern Pennsylvania.  GenServe is a one-stop shop provider of comprehensive emergency power supply system solutions to protect companies against the high cost of power failure.  For more information on GenServe Inc., please visit www.genserveinc.com.

About GenNx360 Capital Partners

GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business services and industrial companies. We invest in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns. Target industries include industrial machinery and components, logistics and supply chain solutions, industrial and environmental services, food and agricultural products and services, infrastructure equipment and services, specialty chemicals, packaging, and aerospace and defense. GenNx360 was founded in 2006 and is headquartered in New York City. For more information on GenNx360 Capital Partners, please visit www.gennx360.com.

For media inquiries about this press release, please contact:

GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations
Email: [email protected]
Tel: +1 212.257.6772

(PRNewsfoto/GenNx360 Capital Partners)

SOURCE GenNx360 Capital Partners


These press releases may also interest you

at 00:25
Shanghai Junshi Biosciences Co., Ltd ("Junshi Biosciences," HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial...

at 00:24
In the news release, Roborock Reports 2023 Full Year Financial Results, issued 28-Mar-2024 by Roborock over PR Newswire, we are advised by the company that in the first bullet point of "Growth across Product Categories", the USD amount should read...

28 mar 2024
Royal Bank of Canada ("RBC") today announced it has completed the acquisition of HSBC Bank Canada ("HSBC Canada"). "Today marks one of the most exciting times of our 155-year history and a pivotal milestone in our long-term growth story as we...

28 mar 2024
The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Boao, south China's Hainan Province on Thursday, with China's top legislator Zhao Leji stressing China's economic potential, appealing to international investors...

28 mar 2024
OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for March 29, 2024. OKX Ventures...

28 mar 2024
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear...



News published on and distributed by: