FMI Advises PowerGEM in Strategic Growth Investment from TA
FMI Capital Advisors is pleased to announce that PowerGEM, LLC (PowerGEM) has secured a strategic growth investment from TA Associates (TA), a leading global private equity firm. FMI Capital Advisors served as the exclusive financial advisor to PowerGEM for this transaction. Financial terms of the transaction were not disclosed.
Founded in 2000 and headquartered in Clifton Park, New York, PowerGEM’s power systems transmission reliability and market simulation software products serve over 200 North American power systems stakeholders. The company’s software is utilized by the nation’s top grid operators, including U.S. ISOs and many electric utilities, generation/transmission developers and engineering firms, to assess electric transmission grid reliability as well as the technical and economic impacts of transmission congestion in competitive U.S. electricity markets.
Electric power industry stakeholders increasingly rely on PowerGEM’s software for simulations, insights, analyses and related technical consulting to optimize decision-making and foster efficient power markets. As the power grid becomes increasingly complex with the shift to renewable generation and the need to maintain reliable performance, this partnership with TA will allow PowerGEM to continue serving its growing client base, accelerate the release of new offerings, and execute high-growth initiatives.
“In TA, we found a partner who understands PowerGEM’s vision and our commitment to supporting the rapidly evolving needs of the North American power grid,” said Boris Gisin, co-founder and chief science officer of PowerGEM. “We appreciate the continued support of our clients as we enter this next phase of growth.”
Manos Obessis, co-founder and chief business officer of PowerGEM, adds, “TA offers the experience, broad network and value-add capabilities we need, as we aim to grow our suite of software and services offerings to further expand our market reach. We are very excited about this partnership and thrilled for the journey ahead with TA.”
“We are honored that the PowerGEM team chose TA as the company’s first institutional investor,” said Charles Ha, principal at TA. “PowerGEM has a proven track record of delivering value for its clients, and we see this as an opportunity to further scale the company’s impact. We look forward to partnering closely with Boris, Manos and the entire team to execute on priority growth opportunities.”
"TA has a long history of partnering with founder-owned companies and decades of sub-sector expertise in electric utility and simulation modeling software, such as our recent investment in Technosylva," said Ashu Agrawal, Managing Director at TA. "We are excited by this opportunity to support PowerGEM’s growth."
ABOUT POWERGEM
PowerGEM is a leading provider of power flow simulation software & highly specialized technical services to the nation’s power grid stakeholders. The Company was founded in 2000 and is based in Clifton Park, NY. For more information, please visit www.power-gem.com.
ABOUT TA ASSOCIATES
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.
About FMI Capital Advisors
FMI Capital Advisors is a leading investment banking firm focused on merger and acquisition (M&A) advisory across the built environment. We maximize value for our clients through our deep sector knowledge, technical expertise and an unparalleled network of industry relationships. For more information, visit FMI Capital Advisors.
FMI Capital Advisors Contacts
Russell Clarke
Managing Director, Energy Transition
[email protected]
303.398.7213
Emma Lowry
Associate, Energy Transition
[email protected]
720.822.9917