January 12, 2017 – Spark Power Corp., a provider of traditional and renewable power services and solutions, announced electrical contracting services company New Electric Enterprises Inc. will become a wholly owned subsidiary of Spark Power.
“New Electric is a proven market leader, providing highly technical, low-voltage power services to the ICI sector, allowing Spark Power to offer an end-to-end solution to its clients,” said Jason Sparaga, co-CEO, Spark Power Corp. “New Electric has an incredibly talented workforce and a strong, blue chip customer base. We are thrilled to welcome them to the Spark Power family.”
Spark Power (Oakville, Ont.) says its roots are in renewable energy and community power development, management and operations. In recent years, it has expanded into the medium- and high-voltage power services market. With the addition of New Electric’s capabilities, Spark Power says it brings a “complete pole-to-plug solution to the ICI market, supporting their entire low-, medium- and high-voltage power infrastructure”.
The combined company will employ more than 400 team members, the majority of which are power technicians, technologists and engineers, across its 16 branches across Ontario.
“New Electric has been growing steadily over the last 15 years; largely through organic growth of our branch offices,” said Andy Ketelaars, CEO of New Electric. “We are seeing a lot of activity in the power and utilities space as the modern grid transforms. Technology is changing rapidly and, by combining our strengths with those of Spark Power, we see a tremendous opportunity to lead the sector by delivering fully integrated solutions to our blue-chip ICI customer base.”
New Electric (Oakville, Ont.) joins previously acquired high-voltage service companies Rondar, Pelikan, Tiltran and Tal Trees, as well as equipment sales & rental company Lizco.
“Spark Power has been successful in identifying and acquiring businesses that support our mission to enable our customers to respond to—and manage—the rapid transformation of the electrical grid and the rising cost of power,” added Sparaga. “These companies fit the markets we want to lead, and have solid and recognizable brands with long histories of being best-in-breed service providers.”
The merger was completed December 31, 2016. Spark Power, its subsidiaries and New Electric will continue to operate under their respective brand names.