Hitachi Energy Acquires Minority Stake in Shermco in Partnership with Blackstone
October 29, 2025
Hitachi Energy has acquired a minority stake in Shermco, a leading North American electrical services provider, in partnership with Blackstone Energy Transition Partners. The strategic investment aims to expand Hitachi Energy's service capabilities across North America, accelerate Shermco's growth, and develop new digital service offerings to improve grid reliability and asset lifecycle management.
- Buyers
- Hitachi Energy, Blackstone Energy Transition Partners
- Targets
- Shermco
- Sellers
- Private equity funds affiliated with Blackstone
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Growth capital
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Related Acquisitions
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Blackstone Energy Transition Partners Acquires Shermco from Gryphon Investors in $1.6 Billion Deal
October 28, 2025
Industrial Services
Blackstone’s private equity funds, through Blackstone Energy Transition Partners, acquired Shermco from Gryphon Investors in a transaction valued at about $1.6 billion. Shermco is a national provider of electrical testing, maintenance, repair, commissioning, and engineering services supporting data centers, utilities, and industrial customers.
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Shermco Industries Acquires Power Test, Inc.
April 2, 2024
Industrial Services
Shermco Industries, a Gryphon Investors–backed electrical services platform headquartered in Irving, Texas, has acquired Power Test, Inc., a NETA‑accredited electrical testing and maintenance firm based in Harrisburg, North Carolina. The acquisition expands Shermco's service footprint and capabilities in the southeastern United States; terms were not disclosed and Power Test's management will join Shermco.
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Shermco Industries Acquires Power Quality Engineering (PQE)
January 1, 2026
Industrial Services
Shermco Industries, an electrical testing and engineering services provider, acquired Power Quality Engineering (PQE). The deal expands Shermco’s Central Texas presence and strengthens its power systems engineering and NETA field services capabilities, with a focus on accelerating growth in the data center market. Financial terms were not disclosed.
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Shermco Industries Acquires Power Products and Solutions (PPS)
March 11, 2025
Industrial Services
Shermco Industries has acquired Power Products and Solutions (PPS), a NETA-accredited electrical testing and breaker reconditioning specialist based in Charlotte, North Carolina. The deal (terms undisclosed) doubles Shermco's service capacity in the Charlotte area, expands its technical capabilities — including a PEARL-certified breaker shop — and strengthens the company's position across the Southeast. Shermco is majority-owned by Gryphon Investors.
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Shermco Industries Acquires Eastern High Voltage, Inc.
June 17, 2025
Industrial Services
Shermco Industries has acquired Eastern High Voltage, Inc. (EHV), a NETA-accredited electrical testing and field services provider based in Robbinsville, New Jersey; terms were not disclosed. The deal expands Shermco's NETA-accredited workforce and Northeast presence, and strengthens its field-service and specialized testing capabilities; Shermco is majority-owned by Gryphon Investors.
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Shermco Industries Acquires Sigma Six Solutions and Innovative Electric
June 7, 2021
Industrial Services
Shermco Industries, a Gryphon Investors-backed electrical services provider, has acquired two Pacific Northwest electrical businesses: Sigma Six Solutions (Auburn, WA) and Innovative Electric (Everett, WA). The deals expand Shermco’s testing, maintenance, commissioning and design-build electrical capabilities and strengthen its presence across the Pacific Northwest as part of a broader platform build-out.
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