Stellex Capital Management to Acquire Critical Power Infrastructure Solutions Provider Rokstad Holdings Corporation
Summary
Rokstad provides a comprehensive suite of mission-critical T&D solutions enabling utilities to maintain, enhance, and ensure the reliability and resilience of power infrastructure across the U.S. CUP is led by John F. Carter and advised by his business partner Dean Seavers, both of whom have extensive leadership experience in the utility, fire and life safety industries and strong track records of driving growth and operational improvements. This transaction combines the strengths of CUP and Stellex with the aim of building a major industry participant within the electric, power and utilities space. Safety and workforce development training are key to the Company’s future growth.” "The partnership with CUP and the acquisition of the U.S. assets of Rokstad are a natural fit for our investment strategy,” added Irina Krasik, Managing Director at Stellex. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insights, and access to capital.