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NY investor buys backup generator vendor GenServe

April 16, 2018

 

New York-based private equity firm GenNx360 Capital Partners has acquired emergency power generator vendor GenServe for an undisclosed sum.

 

GenServe,based in Plainview, New York State, claims to be the largest provider of emergency power generator maintenance, repair, load bank testing and sales for various industries in the North Atlantic region.

 

Meanwhile, GenServe supplies rental generators from 20kW to 2,000kW to protect industrial facilities against the high cost of power failure.

 

Michael Vahling, president of GenServe, said: "GenNx360's knowledge and extensive experience working with business-to-business service companies makes for an attractive partnership opportunity.”

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