New York, New York. April 22, 2019 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce that its portfolio company, GenServe, LLC (“GenServe”), has acquired Power Performance Industries (“PPI” or the “Company”) on April 18, 2019.
Based in Yonkers, New York, PPI provides maintenance and repair services to industrial generators and backup power solutions, as well as generator and equipment sales and rentals. The Company serves a diverse set of customers in the healthcare, corporate and real estate end markets.
“PPI offered an attractive opportunity for us to strengthen our repair and maintenance portfolio in the Metro New York area while further expanding into the Northern New York and Connecticut regions. In addition, the Company has exciting and strategic relationships on both the equipment sales and service side that we look forward to further developing,” said Mike Vahling, President and COO of GenServe.
“PPI is a great addition to the GenServe platform. This move continues GenNx360’s buy and build strategy and further positions GenServe as the leading generator maintenance, service and sales provider in the North Atlantic region,” said Daphne Dufresne, GenServe Board member and Managing Partner at GenNx360.