Juhl Wind closes Power Engineers acquisition
Juhl Wind, Inc. has recently closed on the acquisition of Power Engineers Collaborative, LLC (PEC) – a Midwest engineering firm that provides services to clients which include electric utilities, independent power producers (IPP), and industry and building systems. Power Engineers Collaborative, LLC will continue to conduct its business under its industry-recognized name and its management/operations will remain unchanged.
Dan Juhl, chairman and CEO of Juhl Wind, Inc., said, “We saw three very clear benefits to our acquisition of PEC: experience, significant expansion of our base business and an opportunity for our team to offer increased capabilities throughout the energy industry. The addition of the business into our organization brings an expected $4.5 million per year in annual revenue to our base business along with a host of cross-selling opportunities that we expect will lead to additional growth at PEC and across all of our subsidiaries.”