{"id":647209,"date":"2013-03-18T05:35:35","date_gmt":"2013-03-18T09:35:35","guid":{"rendered":"http:\/\/www.pehub.com\/?p=191439"},"modified":"2013-03-18T05:35:35","modified_gmt":"2013-03-18T09:35:35","slug":"falfurrias-capital-partners-forms-north-american-td-group","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/647209","title":{"rendered":"Falfurrias Capital Partners Forms North American T&D Group"},"content":{"rendered":"

Falfurrias Capital Partners<\/strong> has formed North American T&D Group<\/strong> in partnership with Dave Pacyna<\/strong>, former CEO of Siemens\u2019 North American Transmission & Distribution division. Pacyna will lead an investment strategy focused on acquiring and growing domestic companies that support mission-critical elements of the electric utility grid.<\/strong><\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Falfurrias Capital Partners, a Charlotte-based private equity firm, today announced the formation of North American T&D Group in partnership with Dave Pacyna, former CEO of Siemens\u2019 North American Transmission & Distribution division. Mr. Pacyna will lead an investment strategy focused on acquiring and growing domestic companies that support mission-critical elements of the electric utility grid.<\/p>\n

Falfurrias, founded by former Bank of America Chairman and CEO Hugh McColl Jr. and former Bank of America CFO Marc D. Oken, also announced that it has made an investment in Instrument Transformer Equipment Corporation (ITEC), a Charlotte\u2011based original equipment manufacturer of instrument transformer products used by electric utilities and industrial customers, to serve as a platform for its broader investment strategy.<\/p>\n

\u201cI am excited to partner with Falfurrias to lead this investment strategy, and we look forward to building North American T&D Group into a leading T&D component manufacturing platform that will serve the North American energy infrastructure industry\u201d said Mr. Pacyna. \u201cDespite the increasing importance of our electricity infrastructure to our economic prosperity, many of the core elements of this system have been in operation for over sixty years and are in dire need of updating. We look forward to helping utilities upgrade the electrical grid to assure consistent, reliable power.\u201d<\/p>\n

\u201cITEC has successfully built strong relationships in an industry that demands uncompromising quality, and we believe Dave will enable the Company to continue its impressive growth trajectory,\u201d said Ed McMahan, Partner with Falfurrias Capital. \u201cITEC is the type of growth company in which we like to invest and represents an ideal platform for our broader investment strategy in the energy infrastructure market.\u201d<\/p>\n

Since its founding in 1993, ITEC has established a strong reputation for providing high\u2011quality products and best-in-class customer service to electric utilities across the country, and the company has become one of the leading domestic suppliers of instrument transformers. John Cochran and Paul Millward, Chief Executive Officer and President of ITEC, respectively, will continue to be instrumental to the Company\u2019s success and share the vision of supporting electric utilities with mission\u2011critical products and value-added expertise.<\/p>\n

\u201cPartnering with Falfurrias will provide the capital and resources necessary to capitalize on the unique growth opportunities presented by our industry today,\u201d said Mr. Cochran. \u201cWe believe that Falfurrias will become an important strategic advisor to the business due to their industry experience, operational expertise, and financial strength.\u201d<\/p>\n

North American T&D Group and its principals continue to actively pursue investments in companies that support the U.S. electrical grid and T&D infrastructure through a strong local supply base that offers a greater level of flexibility to utilities. From 2007 to 2012, Falfurrias Capital successfully executed a series of three investments in the T&D industry, creating UC Synergetic, a provider of engineering services focused on transmission and distribution infrastructure for the electric utility and telecommunications industries. Falfurrias sold its investment in UC Synergetic to Pike Electric in 2012.<\/p>\n

About Instrument Transformer Equipment Corporation<\/p>\n

ITEC, founded in 1993 and based in Charlotte, N.C., manufactures mission-critical products for the electrical and electric utility industries in the United States and internationally. ITEC is an original equipment manufacturer of instrument transformer products for revenue metering and protective relaying. In each of these application areas, ITEC manufactures both current and voltage instrument transformers. ITEC\u2019s customers include many of the nation\u2019s largest investor-owned utilities as well as municipal, cooperative, and industrial clients, and the company\u2019s products are used throughout the electrical generation, transmission and distribution systems, from instrument transformers on nuclear generators to instrument transformers connected to meters on small industrial facilities. <\/p>\n

About Falfurrias Capital Partners<\/p>\n

Falfurrias Capital Partners, founded by former Bank of America Chairman and CEO Hugh McColl Jr. and former Bank of America Chief Financial Officer Marc D. Oken, is a Charlotte-based private equity investment firm focused on acquiring or investing in a diverse portfolio of middle-market companies operating in the southeastern U.S. By leveraging the extensive strategic and operational experience and business relationships of the firm\u2019s principals, Falfurrias Capital Partners is positioned to be a value-added partner for both its portfolio companies and its limited partners.<\/p>\n

The post Falfurrias Capital Partners Forms North American T&D Group<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Falfurrias Capital Partners has formed North American T&D Group in partnership with Dave Pacyna, former CEO of Siemens\u2019 North American Transmission & Distribution division. Pacyna will lead an investment strategy focused on acquiring and growing domestic companies that support mission-critical elements of the electric utility grid. PRESS RELEASE Falfurrias Capital Partners, a Charlotte-based private equity […]<\/p>\n","protected":false},"author":7476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-647209","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/647209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7476"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=647209"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/647209\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=647209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=647209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=647209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}