Copley Equity Partners Merges Magna IV Engineering & Power Solutions Group

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Mixture creates a number one NETA accredited companies supplier with 16 workplaces all through North & South America and a base of 180 technicians and engineers

EDMONTON, Alberta & TIPP CITY, Ohio — Copley Fairness Companions LLC (“Copley”), a non-public funding agency targeted on rising center market firms, right this moment introduced the merger of Magna IV Engineering, Inc. (“Magna IV”) and Energy Options Group Ltd. (“Energy Options”). Kelly Butz, CEO of Magna IV, and Barry Willoughby, Proprietor of Energy Options, have retained vital possession and can proceed to steer the mixed enterprise. Monetary phrases weren’t disclosed.

Combining Magna IV and Energy Options creates a number one supplier of Worldwide Electrical Testing Affiliation (“NETA”) accredited electrical testing, upkeep, and restore companies in addition to electrical engineering companies with deep experience in excessive downtime price industries together with industrial, knowledge middle, oil & gasoline, utility, mining, agriculture, infrastructure and business finish markets. Moreover, the Firm will leverage its base of 180 technicians and engineers throughout 16 workplaces all through the U.S., Canada and Chile to proceed offering crucial electrical energy grid options to its clients.

Andy Miller, Managing Director at Copley Fairness Companions, mentioned, “Copley is worked up to merge two main NETA accredited corporations to strengthen the platform’s technical capabilities. Combining Magna IV and Energy Options’ experience and broad geographic presence will create a one-stop energy options supplier for our clients. We stay up for supporting and accelerating Magna IV and Energy Options’ progress plan each organically and thru acquisitions.”

Kelly Butz, CEO of Magna IV, mentioned, “Energy Options is a robust companion for us and brings to Magna IV deep expertise and robust buyer relationships inside the engaging industrial, knowledge middle and infrastructure markets. Mixed, our firms might be even higher positioned to proceed serving our clients’ technical service wants.”

Barry Willoughby, Proprietor of Energy Options commented, “We’re delighted to companion with Magna IV which has virtually 40 years of sturdy operational expertise and a very sturdy presence in Canada in addition to Copley Fairness Companions which brings substantial information and sources to assist us execute on our strategic progress plan.”

About Magna IV Engineering

Based in Edmonton, Canada in 1982, Magna IV Engineering is a NETA accredited energy & automation options supplier, specializing in electrical engineering and technical area companies. Magna IV designs, commissions, maintains, and repairs energy and management methods anyplace electrical energy is used. www.magnaiv.com

About Energy Options Group

Based in Tipp Metropolis, Ohio in 2006, Energy Options Group is a NETA accredited energy & automation options supplier, targeted on well timed modern options to create protected high-powered electrical methods. Energy Options’ engineers and technicians have years of expertise in detecting, stopping, troubleshooting, and fixing all kinds of energy distribution points within the industrial world by way of testing, new expertise, and customized switchgear fabrication. www.powersolutionsgroup.com

About Copley Fairness Companions

Established in 2012, Copley is a non-public funding agency with workplaces in Denver and Boston. Copley companions with rising, lower-middle market non-public firms. The agency invests out of an evergreen, single household workplace capital base and is snug in each majority and minority possession positions. Copley’s affected person and versatile capital base permits the agency to supply every portfolio firm vital assist put up funding. www.copleyequity.com