Financial Advisor
Total PowerGen Solutions
M&A Advisory
A Portfolio Company Of
Has Been Acquired By
Transaction Details
- On September 10, 2024, Audax Private Equity (“Audax”) announced an investment in Total PowerGen Solutions (“TPGS” or the “Company”). Audax is acquiring TPGS from Trivest Partners (“Trivest”).
- Based in Mississauga, Ontario, TPGS is a full-service provider of power generation solutions. The Company focuses on providing critical maintenance and repair services for commercial and industrial generators, generator rentals and rental-related services and new equipment distribution.
- Stephens served as financial advisor to Total PowerGen Solutions.
About the company
Total PowerGen Solutions
Total PowerGen Solutions is a Canadian distributor of power generation solutions that has been in business since 1959. Operating across Canada, Total Power provides a full complement of maintenance and repair services, rentals, and equipment sales for standby, mobile and prime power generator systems and other power quality and continuity equipment ranging from 10kW to 2,000kW and beyond.
Audax Private Equity
Headquartered in Boston, with offices in San Francisco, New York, and London, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of May 2024, over 270 employees, and 100-plus investment professionals, Audax has invested in more than 170 platforms and 1,300 add-on acquisitions since its founding in 1999.
Sources: Press Release.
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