in News Departments > New & Noteworthy
print the content item

Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has acquired Norcross, Ga.-based smart grid automation solutions provider Efacec ACS Inc. from the Efacec Group for undisclosed terms.

Efacec will change its name to Advanced Control Systems Inc. (ACS) and will operate as an independent portfolio company of the North American T&D Group (NATDG).

"ACS will continue to deliver and support its entire portfolio of existing products, and NATDG is committed to providing the resources to keep ACS on its path of growth and innovation to serve an expanding worldwide customer base," says David Pacyna, CEO of NATDG.

ACS notes that its existing management team will remain in place, and the company will operate as a stand-alone entity. In addition, the ACS headquarters will stay at its present location in Norcross.

As a result of the acquisition, ACS will launch a new website and brand identity this year, the company adds.


Hse SandyHook
Latest Top Stories

New Study Underscores Value Of Customer Engagement, Ranks Most-Trusted U.S. Utilities

According to the report, which analyzes 125 utilities across the country, earning a customer's trust can lead to monetary gains.


Washington State Doles Out Cash For Utility Energy Storage Projects

Three utilities have been awarded millions of dollars in grants to explore energy storage technology that could help integrate renewable and improve the power grid.


Utilities Reveal Just How Much Customers Are Saving With Energy Efficiency Programs

Two U.S. utility companies have issued progress reports and solid numbers regarding their respective initiatives.


Middle East And North African Countries To Spend Billions On Smart Grids, Solar Integration

According to a new report from Northeast Group LLC, the MENA region will make big investments to modernize the grid and add more solar power by 2024.


Ohio Halts Renewables, Efficiency Mandates For Two Years

Gov. John Kasich has signed into law a freeze of the state's Alternative Energy Portfolio Standard - a move praised by some utilities and protested by the renewables community.

S&C Electric_id176
edf_id180