Madison, WI – October 13, 2006 – Power Plus!, a California-based supplier of temporary power, completed a partial acquisition of Verona-based JT Packard & Associates, Inc. this week. JT Packard, which offers service for all brands and types of network-critical power equipment, such as uninterruptible power supply (UPS) systems, batteries, DC plants, generators, and HVAC, has expanded exponentially in recent years. Since 2003, revenues have increased more than 500%.
According to Jeff Cason, President of JT Packard, “At this stage in our development, it makes sense to partner with an industry veteran. Our significant, sustained growth attracted the interest of numerous investors; Power Plus! appealed to us due to its similar business model and complementary services. In addition, Power Plus! will foster JT Packard’s growth without disruption.” Cason continued, “We are very excited about the potential of this partnership.”
The offices and employees of JT Packard and Power Plus! will continue to function as essentially separate entities.
As a sign of expansion to come, JT Packard is constructing a new headquarters in proximity to its current location in Madison, Wisconsin; the company anticipates doubling both its corporate and national operations by 2011. Phase I of the new construction is slated for completion in October 2007.
About Power Plus!
With a reputation for outstanding service for over 30 years, Power Plus! is the industry leader and largest temporary power firm in the western U.S. The company’s services include temporary power, generators, permanent electric, irrigation pedestals, street and landscape lighting, high voltage overhead distribution, utility installations, utility consulting and design, co-generation, and grid-independent applications. Power Plus! is a privately-held company.
About JT Packard
JT Packard is the nation’s largest independent service provider for all brands of network-critical power equipment: uninterruptible power supply (UPS) systems, batteries, DC plants, generators, and HVAC. The company serves a diverse clientele, from government organizations, to major public and private firms in industries such as healthcare, telecom, utility, retail, and finance. JT Packard’s corporate headquarters are located in Verona, Wisconsin; it has regional offices in Arizona, Colorado, Florida, Illinois, Indiana, New Jersey, Ohio, Texas, Virginia, and Washington that provide local management for more than 125 certified staff Field Engineers stationed throughout the country. In 2005 & 2006, JT Packard was ranked on Inc. magazine’s top 500 fastest-growing, privately held companies list. In 2006, Frost & Sullivan honored the company with the Market Penetration Leadership Award. For more information on JT Packard, visit http://www.jtpackard.com.
Carey O’Connor
Marketing Communications Specialist
JT Packard & Associates, Inc.
(800) 972-9778 Ext. 4175
(800) 579-5235 Fax
coconnor@jtpackard.com
http://www.jtpackard.com
