Dresner Partners, a leading FINRA-registered, middle-market investment bank and IMAP member firm, is pleased to announce that it advised Socomec SAS (Socomec) on its expansion into the North American market. As a result, Socomec recently completed the acquisition of Continental Control System (CCS). Terms of the transaction were not disclosed.
France-based Socomec is an independent industrial group with a global workforce of 3,000 people with 21 subsidiaries located across five continents. Its core business provides the availability, control and safety of low voltage electrical networks with a focus on its customers' power performance. Colorado-based CCS specializes in electric power metering and monitoring equipment for the measurement of energy and power production and consumption.
Thierry Copie, Strategy & Alliances Director of Socomec said
"We would like to thank the entire team at Dresner Partners, which was led by Steven Dresner and Brian Schofield, for their tireless work and dedication in helping us analyze the North American market. By acquiring CCS, we are building an industrial base that will strengthen our offerings in both the traditional and the growing energy efficiency markets."
Brian Schofield, Senior Vice President, of Dresner Partners said
"Socomec is a world class organization that will be an excellent partner to CCS. We expect to see continued opportunities for Socomec to partner with other high-quality businesses in the North American Market."
Steven M. Dresner, President of Dresner Partners and Vice Chairman of IMAP added
"We are pleased that Socomec was able to complete this transaction. CCS is an attractive platform that has strong synergies with Socomec. Customers of both companies will benefit from broader capabilities, and enhanced customer service and management in the United States."
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.