CES Power LLC, a leading global provider of mobile power generation, distribution and temperature control equipment backed by industrial-focused private equity firm Allied Industrial Partners ("AIP"), announced that it has acquired Global Power Systems ("GPS"), a provider of power generation and temperature control services in Louisiana, Georgia and North Carolina.
Terms of the transaction were not disclosed.
Founded in 2008, Global Power Systems has built a reputation as a trusted service provider for the film and television industry. Its management team has broad entertainment business relationships and over 50 years of combined experience. GPS Founders Charley Burnham and Brian Kay will continue in their respective capacities with CES Power.
"GPS will further strengthen our presence in the Southeast and solidify our position as the preferred national provider in the studio power & HVAC space," said Greg Landa, CEO of CES Power.
"Combining forces with CES Power is an incredible opportunity to join a team that understands our niche industry, has a strong brand, and can provide additional equipment and resources to support our growing customer base," said Mr. Burnham and Mr. Kay.
"The acquisition immediately increases CES Power's presence in Louisiana, Georgia, North Carolina and New Mexico by adding one of the most well-respected movie-silent generator companies in the South," said Josh Mosko, VP Business Development of CES power.
"We are excited about the opportunities GPS will offer CES Power as it continues its growth trajectory. AIP is a believer in the buy-and-build model, and this is the latest example of that strategy," said Bradford Rossi and Philip Wright, Co-Founders and Managing Partners at AIP. "CES Power acquired several strategic add-on acquisitions over the last 18 months. We look forward to the wide range of opportunities our buy-and-build strategy will provide for further growth."
CES Power, which was acquired by AIP in June 2021, will continue to actively seek further add-on acquisitions in areas of strategic interest. The GPS acquisition is CES Power's fourth acquisition, following the company's previously announced acquisitions of Florida-based Production Power in December 2021, California-based West Coast Cinema in March 2022, and Brickworks, a site management software provider, in September 2022.
