Blue Sea Capital acquires RESA Power
Houston, TX, November 9, 2017 – Acquisition by Blue Sea Capital sets the stage for aggressive service offering expansion and sustained organic growth. RESA Power, LLC (“RESA Power”), a market leader in life extension solutions for power distribution equipment, announced that Blue Sea Capital LLC (“Blue Sea Capital”) has made a significant investment in their business.
The Florida-based private equity firm has a long track record of growth-oriented investments in industrial businesses similar to RESA Power. The Blue Sea Capital team is distinguished by its long-term lower middle market focus, deep vertical expertise, differentiated operational and partnering capabilities.
RESA Power’s CEO, Brian McSharry, commented, “The RESA executive management team and our 270 employees are pleased to have found a like-minded growth partner in Blue Sea Capital, and our entire organization looks forward to accelerating RESA’s growth through the various organic and acquisition-driven initiatives we have put in place. In particular, our partnership with Blue Sea Capital will give us a significant capital base from which to fund future acquisitions and partnerships with business owners who would like to become part of the RESA family.”
“We are excited to partner with Brian and the team at RESA, as the Company continues on its path to becoming the leading power distribution and control services and products provider in North America,” said Rick Wandoff, Managing Partner at Blue Sea Capital.
“The strong partnership dynamics between RESA and Blue Sea Capital were apparent early on in our relationship with the Company,” stated Andy Boswell, Partner at Blue Sea Capital, adding, “RESA is a perfect fit within the Blue Sea Capital portfolio of companies, and we look forward to providing the capital, experience, and other resources necessary to support RESA’s strategic objectives.”
About RESA Power, LLC
RESA Power is the market leader in life extension solutions for power distribution equipment. RESA is comprised of business units across the United States and Canada specializing in various niche power distribution & circuit protection markets such as obsolete & hard-to-find inventory, fast turnaround on current model equipment, engineering services, and testing & maintenance. RESA has 16 primary distribution facilities and service centers across the U.S. and Canada, accommodating one of the largest inventories of power distribution and control equipment in North America. RESA employs field sales engineers serving every major US metropolitan area through our network of business units.
About Blue Sea Capital
Blue Sea Capital is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies valued up to $200 million. The firm has $327 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare, and industrial growth. Blue Sea Capital’s strategy is to partner with talented managers and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance, and business transformation.