Ohio Pen - RESA Power Expands and Enhances its Transformer Services Capabilities with the Acquisition of Power Asset Recovery Corporation

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HOUSTON, Dec. 10, 2024 ~ RESA Power, LLC, a leading company in power systems electrical testing and transformer services, has recently announced its acquisition of Power Asset Recovery Corporation (PARC). This strategic move will allow RESA Power to expand its portfolio of products and services for power distribution equipment.

Based in North Canton, Ohio, PARC has been providing substation power transformers and high-voltage transformer parts since 1996. With a focus on transformers ranging from 5MVA to >100MVA, PARC has established itself as a trusted supplier in the industry.

According to Mark Angus, Chief Growth Officer at RESA Power, the alignment between the two companies is evident not only from a business perspective but also in their shared passion for providing exceptional service to customers. "I'm genuinely delighted and excited to have Rick and the PARC team join RESA," Angus stated.

Rick Kopf, President and Founder of PARC, expressed his enthusiasm for the partnership with RESA Power. "We are excited to partner with RESA Power," Kopf said. "Their national footprint and broad range of electrical power services and products will allow us to expand more quickly into new geographic markets and provide our customers with an expanded product and service offering."

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This acquisition marks the eighth completed by RESA Power in 2024 and the thirteenth since joining Investcorp in 2022. As part of its commitment to recognizing the hard work and expertise of its newly acquired employees, RESA Power offers immediate participation in their Employee Ownership Plan (EOP). This unique benefit is designed to show appreciation for employees' contributions and align with the company's "One RESA" philosophy of collaboration and teamwork.

"We want all employees to feel like they have a stake in our success," said Angus. "By providing them with ownership in the company, we are fostering a culture of shared responsibility that will contribute to our long-term growth."

The partnership between RESA Power and PARC is expected to bring about significant benefits for both companies and their customers. With a shared commitment to providing top-quality products and services, this acquisition will further solidify RESA Power's position as a market leader in the power distribution industry.

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