Juhl Wind has completed the acquisition of Power Engineers Collaborative, an engineering firm.
Juhl Wind Chairman and CEO Dan Juhl said the company is proud to announce the addition of Power Engineers Collaborative to Juhl Wind.
"We saw three very clear benefits to our acquisition of PEC: experience, significant expansion of our base business and an opportunity for our team to offer increased capabilities throughout the energy industry," said Juhl.
"The founders of PEC, George Shibayama, Matt Brown and Bryan Eskra, bring over 110 years of industry leading experience to our team along with one of the finest engineering groups in the space."
"The addition of their business into our organization brings an expected $4.5 million per year in annual revenue to our base business along with a host of cross-selling opportunities that we expect will lead to additional growth at PEC and across all of our subsidiaries.
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By GlobalDataPower Engineers Collaborative will continue to conduct its business under the same name and its management as well as operations will also remain unchanged.
Juhl Wind president John Mitola said "By adding PEC to our team, we significantly boost our ability to grow well beyond Community Wind and into the full range of clean energy sectors including natural gas, biomass, waste-to-energy, medium-to-large on-site solar, and support to larger wind farm construction."
Power Engineers Collaborative founder and president George Shibayama said this is a good move for PEC as Juhl Wind has a very aggressive growth strategy.
" Juhl brings a strong balance sheet made up of the ownership of three larger wind farms along with their ability to provide complete start-to-finish development support given their track record in developing 21 wind farms to date," said Shibayama.
