HOUSTON, July 18,
2024 /PRNewswire/ -- RESA Power, LLC (the "Company"
or "RESA"), a market leader in power systems electrical testing,
transformer services, and life extension solutions for power
distribution equipment, has announced the acquisition of THE Chem
Lab Ltd. ("Chem Lab").
Chem Lab has provided power transformer fluid diagnostic
and Analysis services for Canadian customers since 2008 and
operates from a best-in-class, state-of-the-art laboratory in
Calgary, Alberta.
With the acquisition of Chem Lab, RESA Power adds a very
well-equipped high-voltage electrical equipment insulation fluid
testing capability that meets the needs of its customers' power
transformer predictive and preventative maintenance programs.
Mark Angus, RESA Power's Chief
Growth Officer, commented on the acquisition, "We are delighted to
welcome Martin and THE Chem Lab team to RESA Power. This mirrors a
vital resource we already offer in the USA, and it represents a new, highly
specialized capability for our transformer service offering in
Canada. Coupled with the recent
acquisition of AVATT, this will enable us to provide our customers
across Canada with the full suite
of transformer services needed to help maintain the integrity and
safety of their power transformers and high voltage equipment."
Mitchell Ray, co-owner and
President of THE Chem Lab, added, "RESA Power shares our passion
and commitment to providing customers with the ability to enhance
the integrity of their power transformer predictive and
preventative maintenance programs. This laboratory is
equipped with state-of-the-art diagnostic capabilities that can
quickly process test data and identify issues so decisive action
can be taken to prevent avoidable costly equipment failure."
RESA Power is proud to extend immediate participation in the
Employee Ownership Plan (EOP) to all newly acquired employees who
join through acquisition and have completed or will soon reach a
year of service with their newly acquired company in the current
year. This exclusive perk showcases RESA Power's gratitude towards
its workforce and aligns with the company's collaborative "One
RESA" approach. By giving employees a share in the company's
achievements, RESA Power cultivates a culture of collective
ownership, empowering individuals to drive long-term growth and
success.
RESA Power eagerly anticipates the possibilities arising from
this acquisition and remains dedicated to delivering outstanding
service to customers throughout Canada and across the U.S.
About RESA Power
RESA Power, a portfolio company of
Investcorp, a global alternative investment firm, is a market
leader in power systems services and life extension solutions for
power distribution equipment used in mission-critical environments.
With locations across the United
States and Canada, RESA
Power is uniquely capable of ensuring its customers' critical power
systems are safe, reliable, and operating at peak efficiency. The
technicians and engineers at RESA Power are experts in testing and
servicing transformers, relays, breakers, and other key components
of power distribution and control systems. RESA Power also provides
quick turn-around custom manufactured or retrofit switchgear and
breaker solutions and maintains an extensive inventory of obsolete
and hard-to-find components. For more information about how to join
the RESA Power group, visit www.resapower.com or follow
@RESAPower on LinkedIn.
Media contacts
RESA Power
Julia Baranava
380370@email4pr.com
(832)900-8343
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SOURCE RESA Power