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.

Hybrid Energy Innovations

Hybrid Energy Innovations 2015
Latest Top Stories

To Help Combat Costly Electricity Theft, Emerging Markets Turn To Smart Grid Infrastructure

According to a new report, the world loses a whopping $89.3 billion to electricity theft annually, and emerging country markets are feeling a majority of the pain.


Report: Utilities Face Big Revenue Cuts From Distributed Energy Resources

According to a new report from Accenture, the growth of solar and other resources, such as energy storage, could mean significant losses for utilities.


NextEra To Acquire Hawaiian Electric In $4.3 Billion Merger Deal

If approved, the agreement between the two energy companies would produce one of North America's largest renewable energy players.


EPA Racks Up Over 1.6 Million Comments On Carbon Pollution Plan

Months after the U.S. Environmental Protection Agency released its Clean Power Plan, which will create new regulations for existing power plants, the agency says it has received loads of feedback to consider.


Smart Grid Interest Continues To Spread Among U.S. Rural Utilities

A new survey gauges rural smart grid efforts across the country and offers key findings, one of which is that nearly all utilities polled are doing something to modernize their systems.

S&C Electric_id176
edf_id180