PPT Recapitalized with equity investment by MSouth Equity Partners
Power Pro-Tech Services is pleased to announce the completion of a recapitalization with an equity investment from MSouth Equity Partners. The use of the equity funds is to enable the rapid acceleration of the growth of PPT, including acquisitions.
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued $25 – $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on distribution, business services and specialty manufacturing companies. With more than $700 million under management in two active funds, MSouth is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984.
Barry Boniface, an MSouth Partner, said, “We are very excited about our investment in Power Pro-Tech Services. As the preeminent company in the service of distributed power assets, PPT is uniquely positioned for breakout growth. With expertise in service companies and acquisitions, MSouth looks forward to partnering with management in aggressively pursuing profitable growth through superior customer service.”