Ridgemont Equity Partners Leads Recapitalization to Support National Power's Growth.

ENPNewswire-October 26, 2023--Ridgemont Equity Partners Leads Recapitalization to Support National Power's Growth

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Release date- 25102023 - CHARLOTTE - Ridgemont Equity Partners, a middle market private equity firm, today announced the recapitalization of National Power, LLC ('National Power' or the 'Company'), a leading provider of power reliability and resilience solutions for mission-critical operations.

The Company's field technical teams provide value-added services related to the distribution, installation, upgrading, repair, and maintenance of AC and DC power systems, integrated backup and standby power solutions, cooling/ventilation equipment, and related infrastructure. National Power serves over 1,500 customers across a variety of industries, including broadband, data centers, municipal and government, telecommunications, and other commercial, industrial, and infrastructure end markets.

'National Power represents a strong fit with Ridgemont's infrastructure services investing focus area, which is specifically informed by the ongoing need to maintain the nation's aging installed base of critical infrastructure, the continuing power supply transition, and the related downstream impact on grid resilience and reliability,' said Ryan Jack, Partner at Ridgemont. 'Similar to several other Ridgemont portfolio companies, National Power manages a broadly-dispersed, but locally-focused, technical workforce that provides non-discretionary facility services to blue-chip customers that are increasingly focused on ensuring operational uptime and asset resiliency. The growing demand for power system upgrades and maintenance, augmented by increasing investments related to grid hardening, distributed generation, battery storage, and vehicle electrification, presents a compelling opportunity for Ridgemont to partner with the National Power management team to continue to scale the Company.'

Chris Hutter, CEO of National Power, added: 'We are excited to partner with...

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