PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Navigation Capital Partners, Inc. (NCP)

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Navigation Capital Partners Acquires LEPService, Inc. - Deal is second acquisition within broader strategy to create industry-leading platform company in smart grid sector; Further expansion planned -
Navigation Capital Partners Acquires LEPService, Inc.


NewswireToday - /newswire/ - Atlanta, GA, United States, 2010/07/21 - Deal is second acquisition within broader strategy to create industry-leading platform company in smart grid sector; Further expansion planned -

Your Banner Ad Here instead - Showing along with ALL Articles covering Non-Profit Organization/Relief Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Navigation Capital Partners (NCP), an Atlanta-based middle market private equity firm, has acquired LEPService, Inc., a leading provider of Advanced Metering Infrastructure (AMI)-related services to electric utilities in the Southeastern U.S. LEPService is the second in a series of acquisitions planned by NCP in support of its initiative to build an industry-leading provider of value-added field and data management services to electric, water and gas utilities.

LEPService, based in Atlanta, helps utilities bring intelligence to various portions of their transmission and distribution infrastructure. NCP plans to merge LEPService with its previous acquisition in this sector, Specialized Technical Services Holdings, Inc. (STS), to create a platform company able to offer utility customers a full array of AMI-related services. Such services include outsourced meter reading, full-service AMI meter implementations, SCADA and communications systems installation and maintenance, and data management solutions that enable improved asset management capabilities. NCP plans to further expand the platform company through additional acquisitions as well as organic growth.

STS, based near Lexington, Ky., is a leading provider of smart grid infrastructure upgrades and meter-related services to municipal, co-operative and investor-owned utilities. Robert E. Shively, current CEO of STS and a former member of NCP’s Executive-in-Residence program, will serve as CEO of the new entity.

Shively brings deep industry experience to the role, as he previously served as president of SM&P Utility Resources, one of the largest providers of underground locating services to utilities nationwide. NCP also engaged investment banking firm TM Capital Corp, with offices in Atlanta, Boston and New York, to support this initiative. Womble, Carlyle, Sandridge & Rice, PLLC served as legal counsel.

“LEPService represents an excellent strategic fit with STS, as LEPService will bring additional capabilities to STS while in turn, benefiting from STS’ geographic reach and customer breadth. The acquisition of LEPService will enables us to immediately expand the scope of services that we can offer to utilities across the country,” said Larry Mock, managing partner of NCP and board chairman of STS. “The new platform has both a seasoned management team and a depth of experience in AMI-related implementations that we believe sets us apart. By joining the resources of LEPService and STS, we are building the scale and capabilities necessary to be a leading contender well-positioned for future growth.”

NCP believes that utilities, driven by a number of market and regulatory factors, as well as by ongoing Federal stimulus investment in the development of “smart grid,” are entering a long-term infrastructure upgrade cycle with the goal of improving the “intelligence” of physical assets, and that this cycle will provide opportunities for exceptional service providers to grow at rates above historical norms. A significant part of this upgrade cycle will involve the continued adoption of AMI, which includes the deployment of “smart” meters, a segment of the market in which LEPService and STS are actively involved.

“The combination of STS and LEPS gives us the ability to offer our customers a more complete set of services than either company could previously provide alone,” said Shively. “Our complementary resources put us in the right strategic position to capitalize on marketplace opportunities, as a broad range of services and solutions is necessary to truly make assets ‘smart.’ This acquisition represents an important step in the execution of our strategy within the smart grid sector.”

NCP is seeking additional, high-quality companies to be a part of this initiative.
Ideal companies currently provide field services, data management solutions and/or data hosting solutions to customers in the utility sector. Please contact Robert Shively at 317.750.0140 or rshively[.] with ideas of companies that may fit the profile.

About Navigation Capital Partners (NCP)

Navigation Capital Partners ( is an Atlanta-based private equity firm making control growth and buyout investments in lower middle market companies. The managers of NCP formerly founded and managed Mellon Ventures, the private equity investment partnership of Mellon Financial Corporation. With the backing of Goldman Sachs Private Equity Opportunities Fund LP, NCP acquired the private equity portfolio of Mellon Ventures in December 2006. NCP currently manages approximately $277 million of invested and committed capital.

About LEPService, Inc.

Established in 1992, LEPService ( is an employee-owned company providing technical services for metering, SCADA, communications and rapid prototype development to meet complex challenges. LEPService is the market leader in smart meter installation, having been the first to set a one million meter milestone for one utility in the U.S.

About Specialized Technical Services, Inc. (STS)

Specialized Technical Services, Inc. ( is a utility services provider with headquarters outside Lexington, Ky., and support facilities in Montgomery and Mobile, Ala. STS provides a broad range of meter-related services to municipal, co-operative and investor-owned utilities. Meter-related services range from contract meter reading, to installation and change-outs to “smart” meters and associated data management.

Your Banner Ad Here instead - Showing along with ALL Articles covering Non-Profit Organization/Relief Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Navigation Capital Partners, Inc. (NCP)


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Non-Profit Organization/Relief articles,
CATCH Visitors via Your Competitors Announcements!

Navigation Capital Partners Acquires LEPService, Inc.

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Publisher Contact: Meredith Fletcher - 
404-316-8330 meredith[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Navigation Capital Partners, Inc. (NCP) securities in any jurisdiction including any other companies listed or named in this release.

Non-Profit Organization/Relief via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Navigation Capital Partners, Inc. (NCP) / Company Profile

Read Non-Profit Organization/Relief Most Recent Related Newswires:

EAC Network In-Home Caregiver Services to Expand to Long Beach Area
Casa Esperanza of Angels Foundation Acquires Land in Tanjay City
Winning the Battles in Your Mind Hosts 5k Walk/Run to Benefit Children with Sickle Cell Anemia
DC Healthy Communities Collaborative to Release 2016 Community Health Needs Assessment
Mary’s Center Named One of The Washington Post’s 2016 Top Workplaces in Greater Washington
Real Recognize Real Foundation Partners with United Way of Jamaica and Supreme Ventures Ltd
Anchal Project Receives Prestigious Grant from Dining For Women
Bottomless Closet Welcomes New Executive Director
Annual Plant Sale Fundraiser to Offer Huge Selection of Native Milkweed Plants
4.2.20 Foundation Appoints Dr. Randall Buth and Dr. Charles Madinger as New Program Vice Presidents
The GoodRide Group STEM Alliance Announces Youth Equine Program
Woodland Cemetery Celebrates the 175th Anniversary of its Founding
Non-Profit Player in Manitoba E-Cycling Offers Community Cleanup Support
AAKP to Honor Kidney Healthcare Professionals with Medal of Excellence Award
National Hispanic Professional Organization Celebrates Twelve Years with Membership Drive

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  Demyk Lightmod Products, Inc.

Visit  Intrinsic Executive Search Ltd

  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (