Allied Builds Power Platform
Search

Allied Builds Power Platform

Company’s 7th bolt-on acquisition expands its presence in the mid-atlantic states

Infinite Power provides portable generators and HVAC systems for festivals, concerts, sports venues, and government, corporate, and non-profit events.

SOURCE: CES Power

CES Power, a portfolio company of Allied Industrial Partners, has added on with the buy of Infinite Power, a provider of temporary mobile power and climate control equipment.

Infinite Power provides portable generators and HVAC systems for festivals, concerts, sports venues, and government, corporate, and non-profit events. The company also handles permitting and emergency response services through a network of licensed electrical contractors.

Source: Infinite Power

Infinite Power has provided power services to a variety of high-profile nationwide events, including Presidential inaugurations, Pope Francis’ mass at Catholic University, the Preakness Stakes, the Star Spangled 200th Anniversary, and the grand opening of the National Museum of African American History and Culture. Infinite Power is led by General Manager Jay Collins and is headquartered near Washington DC in Beltsville, Maryland.

CES is a provider of power services for the broadcasting, entertainment, emergency response, and industrial sectors including at music and arts festivals, concerts, feature film sets, professional sporting events, corporate conventions, and field hospitals.

Source: CES Power

The company’s services and equipment include power generation and distribution; chillers, air conditioners, and electric heaters; lighting and screens; ramps and matting; and EPA-emission-certified green equipment. CES, led by CEO Greg Landa, was founded in 2000 and is headquartered in Memphis, Tennessee.

“We are very excited to add Infinite Power to the CES family,” said Mr. Landa. “Their reputation for superior service and quality equipment will strengthen our position throughout the mid-Atlantic region. Jay and his team offer significant know-how that boosts CES Power and our affiliate CES Technologies’ growth potential, and we look forward to working together.”

Allied Industrial formed CES Power to carve out CAT Entertainment Services from Ring Power Corporation in June 2021. The acquisition of Infinite Power is CES Power’s seventh add-on acquisition and follows the earlier buys of Florida-based Production Power (December 2021), California-based West Coast Cinema and BST Power (March 2022), California-based Brickworks (September 2022), Louisiana-based Global Power Systems (December 2022), and Massachusetts-based Immedia (June 2023).

The acquisition of Infinite Power provides CES Power with a new service hub in the Washington DC-Baltimore area, strengthening its capabilities in the mid-Atlantic region.

“The acquisition of Infinite Power is the next step in CES Power’s strategic expansion plan,” said Bradford Rossi and Philip Wright, co-founders and managing partners at Allied in a released statement. “Live events and entertainment services is an ever-expanding market. CES Power is building upon its broad services base to deliver reliable, seamless infrastructure solutions to event promoters nationwide.”

Allied Industrial invests in lower and middle-market companies that have EBITDA from $2 million to $25 million. Sectors of interest include industrial rentals, manufacturing, distribution, environmental services, and infrastructure sectors. The firm was founded in 2019 and is headquartered in Houston.

© 2023 Private Equity Professional | September 1, 2023

To search in site, type your keyword and hit enter