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Shermco Industries Acquires Southwest Energy Systems

BY IRVING WEEKLY STAFF

Irving, Texas. August 7, 2019

Shermco Industries, Inc. ("Shermco" or the "Company"), the leading independent provider of electrical testing, maintenance, and repair services in North America, announced that it has acquired Southwest Energy Systems, LLC ("Southwest"), a leading provider of third-party electrical testing and engineering services for commercial electrical systems. Based in Phoenix, Arizona, Southwest services customers in utilities, technology, industrial, and government end markets and is certified by the InterNational Electrical Testing Association ("NETA").

Bill Mohl, CEO of Shermco, said, "We are excited to announce the acquisition of Southwest and look forward to adding this business to our growing company. This is a unique opportunity to expand our geographic footprint in an attractive market." Mr. Mohl added, "We anticipate continuing our acquisition strategy to expand our presence in new markets and broaden our service offering."

"Shermco brings significant resources and opportunities to help us better serve our customers. We look forward to working closely with the Shermco team to continue to drive growth in the Southwestern U.S.," said Dave Hoffman, the General Manager of Southwest. The Southwest management team will remain with the Company post-close.

Shermco is majority-owned by San Francisco-based Gryphon Investors, a leading middle-market private equity firm. Terms of the transaction were not disclosed.


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