GenServe is the largest independent provider of scheduled and emergency power generator maintenance, repair and in the North Atlantic region serving primarily commercial customers in various industries.
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“One Stop Shop” for All Generator Needs
Fragmented industry ripe for acquisitions
Additional maintenance contracts drive revenue
"Be There In Two Hours" customer promise
Expanded geographic reach with two major acquisitions
Largest team of EGSA certified techs in Northeast US
Transaction Sourcing
- Identified power generator maintenance sector as fragmented with potential for consolidation
- Sourced in an auction process through GenNx’s banker network
Investment Highlights
- Strong management team passionate about future
- Optimized dispatching to reduce downtime and maximize labor utilization
- Emphasize safety to reduce recordable incidents and conducted safety training for technicians
- Extensive service platform with existing customers
- Fragmented industry with an extensive acquisition pipeline
Key Initiatives Completed
- Completed [10] acquisitions, providing increased market presence, maintenance contracts and revenue growth
- Implemented digital marketing initiatives to drive organic growth
- Improved competitive position in existing markets and expanded into new geographies
- Invested in management team with key additions of a CEO, CFO, CCO and VP, Business Development