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Sunbelt Solomon completes acquisition of Maxima Power Group to enhance field services portfolio

Aug 01, 2024•over 1 year ago

Acquiring Company

Sunbelt Solomon Services

Acquired Company

Maxima Power Group

SolomonDenverRenewable EnergyOil And GasEnergyManufacturing

Description

Sunbelt Solomon Services, a leading provider of customized electrical power solutions, has announced the acquisition of Maxima Power Group. This acquisition will double Sunbelt Solomon's existing capabilities and expand its footprint, enabling it to serve customers from 35 locations globally. The combined entity will address a pivotal segment of the electrical power distribution equipment and services market, adding critical mass to Sunbelt Solomon's existing strong portfolio of full lifecycle management solutions.

Company Information

Company

Sunbelt Solomon Services

Location

Solomon, Kansas, United States

About

Sunbelt Solomon Services is a leading provider of customized electrical power solutions and services, with over 100 years of experience. The company is widely recognized as a sustainability leader in the electrical segment for its technical expertise, speed of service, and standard of care within commercial, industrial, and utility markets. Sunbelt Solomon provides rental, repair, and field services to complement the supply of remanufactured and new electrical power and distribution equipment, including transformers and switchgear. It boasts unparalleled scale, breadth of services, and a consistent track record of dependability among cooperative, investor-owned, and municipal utility customers, plus a diverse presence across many renewable energy, oil and gas, commercial, and industrial verticals.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed