Trivest Partners has sold its portfolio company Total PowerGen Solutions to Audax Private Equity, marking a successful partnership characterized by strategic growth and industry leadership.

Information on the Target

Total PowerGen Solutions ("Total Power" or the "Company"), headquartered in Mississauga, Ontario, is a premier provider of commercial and industrial power generation solutions across Canada. Established in 1959, Total Power has built a robust reputation by offering integrated power solutions for both backup and prime power applications. The Company operates 17 facilities in provinces including Ontario, Quebec, Alberta, British Columbia, New Brunswick, Newfoundland, and Nova Scotia.

Under the leadership of CEO Andy Rudderham, Total Power has achieved significant organic growth alongside eight strategic acquisitions since partnering with Trivest Partners in late 2018. As of the exit, the Company boasted a dedicated workforce of over 450 employees, more than 11,000 active service contracts, and a monthly average of over 7,500 service calls. Furthermore, Total Power has sold more than 15,000 generators throughout its history and maintains a rental fleet of 375 generators.

Industry Overview in Canada

The power generation industry in Canada is characterized by a growing demand for reliable and sustainable energy solutions, driven by increasing grid instability and environmental policies favoring clea