Spark Power Expands Western Canada Footprint with Acquisition of 3-Phase Electrical
Aug 1, 2019
Spark Power Group has announced the acquisition of 3-Phase Electrical, by way of a share price agreement. 3-Phase is a low-voltage electrical service and contracting firm based in Winnipeg, Manitoba. It will become a wholly-owned subsidiary of Spark Power, operating within its Technical Services Group. While the terms of the deal are confidential, the acquisition is expected to be immediately accretive to earnings.
3-Phase specializes in delivering medium to large-scale electrical installations and providing value-added services to blue-chip customers in the industrial and commercial sectors. This acquisition will further expand Spark Power’s geographic coverage in the Canadian midwest and round out its capabilities in low-voltage to deliver more fully-integrated power service offerings to its customers in that market.
In the near term, 3-Phase will continue to operate under its brand name and the management team will remain as key members of the Spark Power organization.
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