Charlotte, N.C., September 1, 2009 – UC Synergetic, a national engineering, technical services and consulting portfolio company of Falfurrias Capital Partners, has acquired Tampa-based PowerComm Engineering Inc., a provider of advanced engineering solutions for the electric utility and wireless telecommunications markets.
PowerComm will strengthen UC Synergetic’s transmission engineering and related services offerings, including line routing studies and recommendations, analysis and design of structures and foundations, survey services and the development of drawings, specifications, and other project-related materials. PowerComm will offer a full range of project management capabilities, as well as coordination and administration of material bid and requisition, permitting and inspection.
Industry analysts estimate the U.S. transmission infrastructure will require nearly $300 billion of investment between 2010 and 2030. New alternative sources of generation including wind and solar power in more rural parts of the country will require extensive transmission line construction to transmit power to urban centers. Other factors, including obsolescence of the current transmission infrastructure, surplus generation in some markets and increased regulation, are expected to drive strong growth in transmission infrastructure investment.
Falfurrias Capital Partners, a Charlotte-based private equity fund that acquired Synergetic Design Inc. in 2007, invested additional equity capital and arranged the financing provided by Wells Fargo for the transaction.