Audax Private Equity (“Audax”), has completed the sale of RESA Power to Blue Sea Capital, a private equity firm based in West Palm Beach, FL.
Founded in 2003, RESA Power is a provider of electrical life extension products and services to a broad variety of end markets. The Company specialises in servicing major power distribution & control markets, and stocking obsolete & hard-to-find inventory. Under Audax’s ownership, RESA has successfully completed nine add-on acquisitions, expanding the company’s footprint across the United States and into Canada, and bolstering its existing capabilities with complementary product and service offerings. RESA is headquartered in Houston, Texas with 250 employees company-wide.
Geoffrey S Rehnert, Co-Chief Executive Officer, Audax Group, says: “We congratulate Brian McSharry and his team on an excellent job transforming the company through add-on acquisitions and organic growth. We wish Brian and the RESA management team continued success with their new partner.”
Brian McSharry, Chief Executive Officer, RESA Power, says: “We are delighted to partner with Blue Sea Capital for this next phase of our strategy to become the national service provider of choice within our chosen market sectors. The team at Blue Sea Capital shares our strategic vision of geographic expansion organically and via acquisition. Sincere thanks to Audax for their support over the years and their pivotal role in the Company’s growth and success.”
