Aggreko Acquires A Contact Electric Rentals, LP.
February 14 2018 - 1:00PM
Business Wire
Acquisition further cements Aggreko’s position
as a leader in the provision of power, heating and cooling
solutions
Aggreko plc, has completed the acquisition of A Contact Electric
Rentals, LP (“A Contact”), a provider of specialized medium and
high voltage electrical distribution and transformer rental
equipment, for an undisclosed amount.
Headquartered in Houston, Texas, A Contact has a strong presence
in many of the markets Aggreko serves including the utilities,
petrochemical/refining, and oil and gas industries. The acquisition
of A Contact reinforces Aggreko’s position as the leading provider
of specialty power solutions.
A Contact’s success has been built on its ability to supply
electrical equipment such as: I-line panels, highly specialized
medium or high voltage gear, switches, starters, transformers and
variable frequency drives, to quickly meet customer demands. The
company stocks the largest electrical equipment inventory in North
America and has built strategic relationships with several
industrial electrical equipment manufacturers.
The additional capability Aggreko has acquired will enhance its
specialized customer offering and enable them to continue
delivering great value solutions for customers across all sectors.
It will also be able to provide a niche electrical distribution
offering.
“We continue to focus on targeted acquisitions that further
establish Aggreko as the leader in specialty power, heating and
cooling solutions,” said Russell Schuster, managing director,
Aggreko. “This acquisition will allow us to provide an unparalleled
range of turnkey electrical services to address our customers’
power generation needs, and capture a greater portion of market
share in the industries we serve. We welcome A Contact to the
Aggreko family.”
“We are proud to have grown A Contact into a premier electrical
distribution rental company," said Clay Jones, founder and CEO of A
Contact Electric Rentals. "Aggreko is an ideal strategic fit for A
Contact, and I look forward to seeing how they continue to grow the
business.”
Hans Schellstede, president of A Contact Electric Rentals, said:
“We are excited to join the Aggreko organization and provide our
customers with an integrated platform for expanded rental power
solutions in North America and other global regions served by
Aggreko.”
Schellstede will join Aggreko immediately and Jones will exit
the business to focus on developing commercial real estate for
industrial storage. A Contact, now with Aggreko’s support, will
continue to maintain seamless operations and provide exceptional
customer service from the company’s locations across the U.S.
For more information, visit www.us.aggreko.com.
EDITOR’S NOTES
Around the world, people, businesses and countries are striving
for a better future - a future that needs power and the right
conditions to succeed.
Aggreko works round the clock, making sure everyone gets the
electricity, heating and cooling they need, whenever they need it –
all powered by our class-leading equipment, trademark passion,
unrivalled international experience and local knowledge. From urban
development to unique commercial projects and even humanitarian
emergencies, we bring our expertise and equipment to any location,
from the world’s busiest cities to some of the most remote places
on earth.
That’s what has made us the world’s leading provider of modular,
mobile power and heating and cooling. We’ve been in business since
1962. We have more than 7,300 employees, operating from more than
200 locations in 100 countries. With revenues of approximately GBP
1.6bn (USD 2.6bn or Euros 2bn) in 2016, we are listed on the London
Stock Exchange (AGK.L) and have our headquarters in Scotland.
Our business helps transform the lives and livelihoods of
individuals, organisations and communities across the globe, in
both developed and developing countries and markets.
We operate across all sectors, including oil and gas,
petrochemical and refining, utilities, manufacturing, construction,
mining and events.
We design and manufacture equipment specifically for these
requirements in our factory in Dumbarton, Scotland and work with
leading innovators to ensure our equipment offers maximum fuel
flexibility, by using gas, diesel (including HFO) and renewable
fuel sources.
For more information, please visit our local website at:
aggreko.com
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version on businesswire.com: http://www.businesswire.com/news/home/20180214005990/en/
Ward for AggrekoMolly LeCronier, 713-869-0707Vice
Presidentmlecronier@wardcc.com
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