GenNx360 Capital Partners Announces GenServe’s Acquisition of Atlantic Switch and Generator
Portfolio Company News - March 18, 2020
New York, New York. March 18, 2020 - GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, GenServe, has acquired Atlantic Switch and Generator (“ASG”) of Pennsauken, New Jersey. Atlantic Switch and Generator is GenServe’s fourth acquisition since GenNx360’s investment in the platform in April 2018.
ASG provides maintenance and repair services to industrial generators and backup power solutions, as well as generator and equipment sales and rentals. They have extensive knowledge of emergency generators, diesel, gasoline, and natural gas engines, automatic transfer switches, generator paralleling systems and related control equipment. With over 80 years of combined experience in generator and switch repair, ASG currently serves some of the area’s largest hospitals, casinos, universities and industrial facilities.
GenServe is a leading independent provider of scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region, with significant presence across Texas and Florida. GenServe serves primarily commercial customers in various industries.
The strategic acquisition of ASG allows GenServe to continue to strengthen its repair and maintenance portfolio in the Southern New Jersey area while further expanding into states further south such as Delaware and Maryland.
GenServe is a leader in the maintenance, repair, and sale of industrial generators and backup power solutions. The Company has the largest team of EGSA certified technicians of any independent generator maintenance company. 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, 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 business & industrial services, automation & industrial technology, packaging products, industrial machinery and components, equipment services, environmental services, and food ingredients/equipment/services. 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, please contact:
GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations
Tel: +1 212-257-6772