Press Release

CE Power Acquires Utilities Plus Energy Services

For more information, contact: Kevin Kenealey, Senior Managing Director, 414-727-6400

MILWAUKEE (April 6, 2017) Mason Wells is pleased to announce that its portfolio company CE Power has acquired Utilities Plus Energy Services Inc. (UPES) of Elk River, Minnesota.  UPES will operate as a wholly-owned subsidiary of CE Power.  The acquisition of UPES is the third acquisition by CE Power since the company partnered with Mason Wells in 2015.

UPES is a full-service electrical power services company. It specializes in electrical power engineering, acceptance and maintenance testing, substation construction, and unique services related to circuit breaker and transformer repairs.  The management and employees of UPES, including NICET-certified technicians, have played an integral role in the company’s growth and will continue to do so going forward. The move also creates exciting new opportunities for existing clients of UPES—including turnkey project management and product solutions. With expanded engineering and technical resources in the Midwest United States, the combination provides significant benefits for existing clients of CE Power as well.

“We are honored and excited to have Utilities Plus Energy Services join CE Power. Led by Ron Mingo, UPES has built a long-standing reputation as a premier electrical solutions provider delivering top tier customer service in our industry. Today’s action expands our combined capability and geographic reach, continuing our growth as a premier independent electrical engineering, service, and solutions provider nationwide.” said Paul Cody, CEO of CE Power.

About CE Power

CE Power is a leading independent provider of outsourced power system engineering, testing, and maintenance services that enhance the functionality and reliability of the electric grid. CE Power provides its services to electric utilities and industrial companies, and to certain commercial clients with critical power applications such as hospitals and data centers. CE Power’s services are delivered with the core business values of honesty and safety for employees, customers, and suppliers. CE Power is committed to being the leading-edge service provider to ensure asset integrity for new and existing electrical power systems. For more information, please visit the company’s website at www.cepower.net.

About Utilities Plus Energy Services, Inc.

Founded in 2000, Utilities Plus Energy Services provides electrical testing, maintenance, engineering, and 24-hour emergency service to the Midwest, from Eastern Ohio to the Rocky Mountains and from the Canadian border to the Gulf of Mexico. Known for its expertise with all substation components, and the ability to design/construct substations, UPES provides lifetime energy solutions to the Utility and Industrial markets. For more information, please visit the company’s website at www.utilsplus.com.

About Mason Wells

Mason Wells is a leading Midwest-based private equity firm with approximately $1 billion in assets under management across its current private equity funds.  Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors:  Packaging Materials & Converting, Outsourced Business Services, Consumer Packaged Goods, and Engineered Products & Services.  For more information related to Mason Wells, please visit the firm’s website at www.masonwells.com.

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