Hitachi Energy has acquired a minority stake in Shermco, enhancing its service capabilities in the North American electrical infrastructure market in partnership with Blackstone Energy Transition Partners.

Target Company Overview

Hitachi Energy has recently acquired a minority stake in Shermco, a Texas-based company specializing in comprehensive maintenance, repair, testing, commissioning, and design services for electrical systems. Shermco is recognized as a leading provider in North America, accredited by the InterNational Electrical Testing Association and operating over 40 service centers across the United States and Canada. This acquisition comes on the heels of Shermco being purchased by private equity funds managed by Blackstone, positioning it for accelerated growth and enhanced capabilities.

Founded in 1974, Shermco has built a robust reputation for its focus on safety, reliability, and customer service within the electrical infrastructure sector. With over 600 NETA technicians and 200 engineers, Shermco delivers critical services that support a diverse range of end markets, including utilities and commercial industrial sectors. The partnership with Hitachi Energy is expected to underpin the expansion of their service offerings and technological capabilities, thereby enhancing their position in the market.

Industry Overview in North America

The electrical services industry in North America is undergoing a significant transformation, driven by aging infrastructure and increasing demand for sustainable energy solutions. Much of the existing power grid, particularly in the United States, is de