Jul 2018Buy-Side
Transformer Repair Utility Services
Transformer Repair Utility Services was acquired by System One
System One
Transaction Overview

System One Acquires Transformer Repair Utility Services

Pittsburgh, PA, July 9, 2018 — System One announced the acquisition of Transformer Repair Utility Services (TRUS), a utilities services firm based in Beulaville, North Carolina. Under the agreement, TRUS operates as Utility Partners of America (UPA), a System One company.

"Remarkable synergies exist between us and TRUS," said Lee Schwartz, UPA's Chief Executive Officer. "Our business acumen, capabilities and offerings are perfectly aligned. We are extremely excited about our collective future."

UPA and TRUS combine their utility service capabilities to expand the depth and breadth of offerings throughout the United States. UPA employs more than 650 full-time employees serving utilities in nearly 20 service territories throughout the United States.