Spark Power Corp.

Spark Power Corp. , based in Canada, specializes in providing comprehensive electrical contracting, operations, and maintenance services designed for industrial facilities and renewable energy sectors, ensuring operational reliability and efficiency. Founded in 2009 and headquartered in Oakville, Canada, Spark Power Corp. delivers end-to-end electrical services and solutions.

The company recently transitioned from a public to private entity following a Secondary Buyout with American Pacific Group acquiring it for CAD 140 million on October 13, 2023. The founders, Eric Waxman and Jason Sparaga, have a history of involvement in the power sector, but detailed information on prior ventures is not specified. Spark Power specializes in electrical contracting, operations, and maintenance services tailored for industrial facilities, renewable asset owners, and original equipment manufacturers (OEMs). Their core offerings encompass technical services such as emergency response, preventative maintenance, substation construction, installation and commissioning, and engineering services.

These solutions enhance operational efficiency, safety, and reliability across diverse industries, including food and beverage, manufacturing, logistics, and renewable energy, serving over 5,500 clients throughout North America. In 2022, Spark Power reported a revenue of CAD 209,321,767 and an EBITDA of CAD 11,663,966. 7, reflecting its structured revenue model based on service contracts and project-based engagements, which foster long-term partnerships with predictable service costs. With the recent acquisition by American Pacific Group, Spark Power plans to enhance its electrical operations and services for industrial clients.

The funding from the acquisition will support initiatives aimed at improving their service offerings, although specific details on new products or geographic expansion have not been disclosed.