Industrial Growth Partners is pleased to announce the sale of its ownership interest in Voltyx to Asplundh in a transaction that closed on May 23, 2024.

Based in Nashville, TN, Voltyx specializes in highly technical electric infrastructure services including design and engineering, testing and commissioning, and repair and maintenance services to a diverse set of 1,500 customers across utility, renewable energy, data center, and commercial and industrial markets. With over 1,200 employees and 35 locations, Voltyx is a critical enabler of clean energy transition, grid modernization, the digital economy, and the electrification of everything.

Original Acquisition Details

IGP, together with members of the respective management teams, purchased a controlling interest in North American Substation Services (NASS) in December 2014 and purchased a controlling interest in Electric Power Systems International, Inc. (EPS) in November 2018. IGP later completed the simultaneous exits of EPS and NASS, which were combined to form Voltyx, to an investment affiliate of Arcline Investment Management LP (Arcline) in a transaction that closed on April 19, 2021.  As part of that transaction, IGP reinvested in Voltyx alongside Arcline.