Mergers & Acquisitions

Mergers & Acquisitions

July 06, 2011

INFRAX Systems Announces Acquisition of Southern Power & Controls

INFRAX Systems has entered into an agreement to acquire privately-held electrical contractor Southern Power & Controls (SPC), a provider of mission critical control applications for utility, industrial and security applications, for around $4.9M, mostly in cash, plus a combination of notes and stock, at closing.

The company is expected to continue supporting SPC’s customer base and expand their offerings to include the implementation of its smart grid product portfolio. 

SPC is considered to be the premier complex electrical systems contractor in the Southeast. It will add high voltage and substation certification to INFRAX’s technical workforce

Calling SPC a “recognized leader” in the implementation of complex performance critical systems, Paul J. Aiello, CEO of INFRAX Systems, said that their established customer relationships make them a perfect addition to the INFRAX Family particularly at the moment smart grid technology is on the top of the utility industry agenda.

He believes that SPC’s reputation and experience will enable them to expand their relationships with electric utilities, and SPC’s experience with water and gas utilities will open additional markets for the company’s security and communications solutions.

The SPC technical team’s expertise in the implementation and maintenance of complex electrical and control systems is expected to “significantly” augment INFRAX's technical capabilities. 

By joining the INFRAX team, SPC will further expand its portfolio to include the implementation of their smart grid and communications solutions, said William Barry, founder and CEO of SPC. “The relationships we have built over the last 17 years should be a terrific inroad for INFRAX to sell their smart grid portfolio.

The management of the combined companies will include executives from both organizations.  

INFRAX Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP).

This year in April, the company launched its upgradeable WiMAX/LTE (News - Alert) base station that allows network operators and service providers to utilize 1.4-1.6 GHz frequencies.

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Anshu Shrivastava is a contributing editor for TMCnet. To read more of Anshu’s articles, please visit her columnist page.

Edited by Jennifer Russell

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