Ropes & Gray Advises Gryphon Investors in its Majority Investment in Shermco Industries
Ropes & Gray advised Gryphon Investors, a San Francisco-based private equity firm, in its acquisition of Shermco Industries, the leading independent provider of electrical testing, maintenance, and repair services in North America, from funds managed by Oaktree Capital Management, L.P.'s Power Opportunities Group. The transaction was announced on June 5.
Shermco, founded in 1974 and headquartered in Irving, Texas, provides electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets. With more than 20 locations, 400 InterNational Electrical Testing Association technicians and 90 utility protection & control technicians, Shermco serves a diversified blue-chip customer base throughout North America.
The Ropes & Gray team was led by private equity partners Eric Issadore and Todd Boes, tax partner Leo Arnaboldi and benefits partner Jenny Rikoski.