Madison River Capital announced a strategic investment in Nexus Power, a manufacturer representative and provider of design, engineering, procurement, and project management solutions for integrated high-specification power systems. Terms of the transaction were not disclosed.
The investment will support Nexus Power’s geographic expansion, targeted acquisitions in design engineering, and team growth. The company is capitalizing on accelerating demand for power infrastructure across data centers, utilities, and industrial end-markets.
Headquartered in Salt Lake City, Utah, Nexus Power serves customers across government, utilities, data centers, mining, oil and gas, and semiconductor manufacturing. The company operates through two segments: a Commissions business generating revenue under exclusive territory agreements with tier-one manufacturers, and a Solutions business managing end-to-end coordination of low to high voltage gear, engineering partners, and delivery logistics. Nexus Power is ABB’s exclusive manufacturer representative across 11 Western and Mid-Western states, a relationship spanning more than 20 years, and it also partners with Hitachi and approximately 20 other electrical equipment manufacturers.
Under Madison River Capital’s ownership, Nexus Power will pursue geographic expansion, broaden its manufacturer partnerships, and execute a targeted growth strategy. The company said it is positioned to benefit from electrification trends driven by grid modernization, artificial intelligence infrastructure, data center buildouts, and the reshoring of industrial manufacturing.
This marks Madison River Capital’s second investment in the high-specification electrical infrastructure space, following its investment in JDC Power Systems, an electrical systems integrator serving the data center market. Holland & Knight LLP served as legal advisor to Madison River Capital. Paul Hastings LLP served as legal advisor to Nexus Power, and Bundy Group served as exclusive financial advisor to Nexus Power. Main Street Capital served as debt financing partner to the transaction.
KEY QUOTE:
This partnership with Madison River Capital marks an important milestone for Nexus Power. We have built a business that is differentiated across our manufacturer relationships, our technical depth, and our ability to deliver end-to-end solutions. This investment gives us the capital and strategic support to scale faster than we could on our own. Madison River Capital has the expertise to appreciate what we have built and where the market is going, and they share our commitment to realizing the full potential of our platform at this exciting moment in our industry.
Pete Jones, President and CEO of Nexus Power
