Suwanee, GA – September 24, 2024 – Avail Infrastructure Solutions (“Avail”), a Fernweh Group portfolio company, proudly announces the acquisition of WASP Critical Power & Equipment Solutions (“CPES”), a provider of power distribution technology and switchgear servicing the EV infrastructure, data center, and renewables industries.

The acquisition of CPES enables Avail to expand its switchgear portfolio to include low voltage solutions to connect, protect, control and measure a wide range of electrical applications, enclosures, switchboards, electronics and electromechanical devices.  CPES works with its customers to design, build and implement electrical solutions for the customer.  This brings a new portfolio of product solutions for Avail to offer its customers and allows for a continued and expanded support of the data center industry.

CPES President, Henry O’Lone, expressed enthusiasm about the transaction, stating, “The combination of CPES with Avail signifies the next great chapter in this customer-focused business.  We are excited for our employees that will be joining a high growth business that will support its maturity and growing client base.  We believe there is a growing need for low voltage switchgear, and combining CPES’ capabilities with Avail’s brand, management and infrastructure will allow us to meet this growing market need and expand our business tremendously.  We thank the Avail and Fernweh teams for the opportunity to combine the CPES business with Avail and look forward to seeing the growth of the businesses.”

The CEO of Avail, Bill Johnson, added “CPES is a leading provider of switchgear for the data center and EV infrastructure markets that puts quality first.  The leadership team lead by Henry O’Lone, Mohammad Megdad and Luke Colwell have built a quality driven business that has marquee customers that supports a fast-growing market.  This leadership team brings significant industry expertise and a great name in the industry for providing unique customer solutions in an expedited manner, which allows CPES to attract large, sophisticated customers.  We look forward to leveraging this experience in ensuring quality customer service, while integrating their terrific employees into the Avail family.  We are delighted to extend a warm welcome to all of CPES’ employees to the Avail team and the Fernweh family.”

About Avail Infrastructure Solutions

Avail Infrastructure Solutions is the global provider of application-critical equipment, highly engineered technologies, and specialized services to the power generation, transmission, distribution, and industrial markets. From fully integrated electrical enclosures and custom switchgear to medium and high voltage bus systems, our proven solutions meet the most exacting requirements for safe, reliable operation.

Headquartered in Suwanee, GA, Avail Infrastructure Solutions has over 1,750 employees and operates through a global network of 15 strategically located manufacturing facilities.

Learn more at www.availinfra.com.

About Fernweh Group LLC:

Fernweh is an investment firm led by leaders from global institutions with experience working with companies in the industrial and industrial technology sectors on strategy, M&A, and operational transformation. Fernweh believes that the mid- and small-cap industrial and industrial technology sectors are the backbone of the economy and the engine for its growth. By combining management capability, operational and strategic transformation support, and capital for each company’s unique context, history, and needs, Fernweh aims to be a builder of businesses and create value for all stakeholders. Fernweh’s portfolio of businesses includes Dabico Airport Solutions (www.dabico.com) and Avail Infrastructure Solutions (www.availinfra.com). Fernweh’s CEO co-authored the book on the industrial technology sector “Titanium Economy,” which has been on the WSJ best seller list. Learn more at www.fernweh.com.

For any inquiries, please contact Siddarth Madhav (Siddarth.madhav@fernweh.com).