R3L Engineering

R3L Engineering, based in the US, specializes in engineering services that prioritize electrical safety and power system studies, ensuring reliable and efficient operation of electrical infrastructures across various sectors. Founded in 2018 in the US, R3L Engineering focuses on providing specialized engineering services. The company has successfully completed 1 deal, with their most recent deal occurring on May 20, 2025, when they were acquired by Shermco Industries, Inc. , a portfolio company of Gryphon Investors.

The acquisition aims to enhance Shermco's engineering capabilities and expand their footprint in the Southeastern United States. R3L Engineering offers a comprehensive suite of engineering services centered on electrical safety and power system studies. Their core services include NETA compliant testing and maintenance, as well as consulting aimed at NFPA 70E compliance, mitigating risks associated with electrical hazards. The company serves a diverse clientele across commercial, industrial, and utility sectors, predominantly in the Southeastern United States, while also reaching out to national and international markets through a team of expert engineers with extensive experience.

R3L Engineering generates revenue primarily through service contracts and project-based engagements. This income stems from a blend of direct service offerings and long-term partnerships for maintenance and compliance services. Each project typically involves detailed scopes outlining various services, including power quality assessments and safety audits. The company's payment structure encompasses milestone payments for project completions and regular billing for ongoing services, focusing on delivering quality solutions that conform to industry standards.

Following the acquisition on May 20, 2025, R3L Engineering plans to leverage its new association with Shermco Industries, Inc. to enhance its engineering capabilities and extend its market presence in the Southeastern United States. The strategic acquisition is expected to facilitate team expansion and support future operational endeavors, positioning the company for potential growth in upcoming markets.