Allied Power Group, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Allied Power Group, LLC - overview

Established

2005

Location

Houston, TX, US

Primary Industry

Industrial Machinery

About

Allied Power Group specializes in maintenance and repair services for gas and steam turbines, essential for efficient power generation. Their services ensure reliability and performance across global markets. Allied Power Group (APG) provides maintenance and repair services specifically for gas and steam turbines. Founded in 2005 and headquartered in Houston, US, the company underwent a shift in ownership in June 2019 when AEA Investors acquired it from OFS Energy.


The firm has completed a total of 2 deals since its inception. David Theis serves as the CEO. Allied Power Group (APG) primarily focuses on delivering comprehensive maintenance and repair services for gas and steam turbines, which are critical components in power generation systems. Their core offerings include full-service inspection, repair, and field services designed to ensure optimal performance, reliability, and longevity of turbine assets.


APG's Gas & Steam Field Services group provides turnkey solutions for major outages and mission-critical maintenance tasks, ensuring minimal downtime during operations. The company serves a diverse client base that includes major players in the power generation sector, such as GE and Siemens, and operates on a global scale, providing services to power plants in North America, Europe, and parts of Asia. By offering tailored solutions that address specific operational needs, APG enhances the efficiency and reliability of their customers’ power-generating assets, helping them meet increasing energy demands. Allied Power Group operates under a structured transaction model, engaging in B2B partnerships with power generation companies for their maintenance and repair needs.


For the year 2018, the company reported a revenue of USD 40. 20 mn and an EBITDA of USD 6. 50 mn. Revenue is generated through service contracts that cover maintenance services, component repairs, and supply of new and refurbished parts, ensuring clients receive comprehensive support tailored to their specific requirements.


Allied Power Group aims to enhance its service offerings with the development of new maintenance solutions set to be launched in the coming years. Additionally, the company is targeting expansion into new markets in Europe and Asia by 2025. The recent acquisition in June 2019 by AEA Investors will support these initiatives, providing the necessary resources to facilitate growth and improve service capabilities.


Current Investors

AEA Investors

Primary Industry

Industrial Machinery

Sub Industries

Facilities & Maintenance Services, Oil & Gas Equipment and Services, Power Generation Equipment & Services, Industrial Machinery

Website

www.alliedpg.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Allied Power Group, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedCombustion Parts Incorporated-
Add-onCompletedTexas Metal Printing, LLC-
Add-onCompletedNexgen Advanced Fuel Systems, LLC-
Secondary BuyoutCompletedAllied Power Group, LLC-
Add-onCompletedETA Technologies, LLC-

Displaying 1 - 5 of 6

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.