PE-backed GenServe acquires GenAssist
Summary
GenServe, a portfolio company of GenNx360 Capital Partners, has acquired GenAssist, a provider of maintenance and repair services to industrial generators and backup power solutions, as well as equipment sales in New York and New Jersey. GenAssist provides maintenance and repair services to industrial generators and backup power solutions, as well as equipment sales in New York and New Jersey. The Company serves a diverse set of customers in the corporate and real estate end markets and has a strong service focus. The Company has the largest team of EGSA certified technicians in its core service area of Metro-NY, Long Island, New Jersey, and Eastern Pennsylvania. We invest in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns.