Universal Plant Services
Universal Plant Services Acquires NRG's Engine Services Business Unit
Universal Plant Services ("UPS"), a Jones Industrial Holdings company, announced it has acquired the assets of the Engine Services business unit of NRG, which supplies parts and services for large-bore engines and natural gas reciprocating compressors. Terms of the transaction were not disclosed.
This transaction further strengthens the portfolio of UPS Midstream Services with geographic expansion into the Northeast and advances their position in the Gulf Coast region with the addition of 50 new employees and two locations in Harrisburg, Pennsylvania, and Scott, Louisiana.
"UPS is honored to add this extraordinary team and their expertise, processes and infrastructure to our organization," said Co-Chief Executive Officer of Jones Industrial Holdings, Bradley Jones. "Strategically growing upon the strength of our existing midstream services and assets will equip us with the footprint and bandwidth to best serve our clients across the United States."
UPS invested in the midstream sector in 2012 and has steadily experienced growth throughout the past four years. This acquisition represents the next level of commitment to enabling more comprehensive shop and field solutions for clients, as well as expanding expertise across all equipment manufacturers and increasing the inventory of the UPS Parts service line.
"UPS is dedicated to growing our team while continuing to provide exceptional service and quality to our clients. We are excited by the opportunities of this acquisition and believe that investing in our people, processes and technology will create higher value for our customers and employees," said Reagan Busbee, President and Chief Operating Officer at UPS.
"NRG Energy Services is pleased that Universal Plant Services will continue to meet the needs of the customers of the Engine Services business," said Jim Locher, President, NRG Energy Services. "While NRG Energy Services' business focus has gravitated more towards the operation, maintenance and repair of large power generation facilities, we continue to be focused on meeting all our customers' expectations and through UPS, a company dedicated to the repair of reciprocating engines, we are confident our customers will receive outstanding support for all their engine service needs."
About Universal Plant Services
Universal Plant Services (UPS), a Jones Industrial Holdings company, is one of North America's largest comprehensive specialty service providers for the energy industry providing project management, installation, and maintenance and repair services for rotating, fixed and reciprocating equipment. With headquarters in Houston, Texas, UPS employs 2,500 highly trained individuals at 14 full-service facilities and specializes in daily maintenance, turnarounds and capital projects.
About Jones Industrial Holdings
Jones Industrial Holdings, Inc., headquartered in Houston, Texas, is a privately held, holding company for Universal Plant Services, and Affiliates ("UPS"), with approximately 2,500 employees operating 14 entities serving the energy sector. UPS is one of the largest specialty service providers for rotating and fixed equipment to the refining, petrochemical, power generation and offshore industries in the United States.
NRG is the leading integrated power company in the U.S., built on the strength of the nation's largest and most diverse competitive electric generation portfolio and leading retail electricity platform. A Fortune 200 company, NRG creates value through best in class operations, reliable and efficient electric generation, and a retail platform serving residential and commercial businesses. Working with electricity customers, large and small, we continually innovate, embrace and implement sustainable solutions for producing and managing energy. We aim to be pioneers in developing smarter energy choices and delivering exceptional service as our retail electricity providers serve almost 3 million residential and commercial customers throughout the country. More information is available at www.nrg.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
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