Center Rock Capital Partners, LP (“Center Rock”) is pleased to announce that it has acquired Power Plant Services, Inc. (“PPS” or the “Company”), a leading independent provider of aftermarket turbine components and turnkey MRO services for the global power generation and general industrials markets.
Headquartered in Melrose Park, Illinois, the Company serves utility, independent power producers, and industrial plant customers domestic and internationally. PPS’s core product and service offering include quick turn component manufacturing, shop repairs, field services, field machining, and engineering services for turbines, other power generation, and balance of plant equipment.
Manny Gandhi, Founder and CEO of PPS, said, “Our customers choose PPS because of our full turnkey plant offering, one-stop-shop capabilities, quick turnaround times, and rapid field response. Delivering differentiated services and industry-leading reverse engineering resources is core to our business and will continue to be our top priority.” Manny added, “I am excited to have found such a great partner in Center Rock as we pursue our next phase of growth so we can better serve our loyal and expanding customer base.”
Ian Kirson, Partner at Center Rock, said, “We are thrilled to partner with Power Plant Services. Manny and the PPS management team have built a unique and strong reputation for being flexible and quickly delivering critical product and service to their customers.” Brent Willson, Principal at Center Rock added, “For decades, PPS has disrupted the market with its fast lead times, raw material, and parts inventory. We are excited to work with the PPS team to help facilitate organic growth opportunities, both domestically and internationally.”
About Power Plant Services, Inc.
Power Plant Services, Inc. is a leading independent provider of primarily aftermarket turbine, pump, and valve components with full-service turnkey maintenance, repair, and overhaul (MRO) services for the global power generation and general industrials markets..
For more information, please visit: www.ppsvcs.com
About Center Rock Capital Partners
Center Rock is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks industrial manufacturing, industrial services and industrial distribution companies headquartered in North America, often with multi-national operations and locations that serve both domestic and global markets. With substantial expertise working constructively with management teams to drive both operational and strategic improvement, Center Rock’s investment professionals have the flexibility and tools to invest in a broad array of transactions and build value in lower middle market industrial companies.