Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of its client, Enoserv LLC, headquartered in Tulsa, Oklahoma, by Doble Engineering Company (Doble), a subsidiary of ESCO Technologies, Inc. (NYSE: ESE). Doble is headquartered in Watertown, Massachusetts and ESCO Technologies in St. Louis, Missouri. The acquisition closed on January 28, 2015.
Enoserv provides a suite of proprietary, mission-critical software tools for the testing and management of the electric power transmission network. The Enoserv division of Doble and the existing business of Doble will maintain their respective core offerings and Enoserv's vendor agnostic nature will remain intact. The comprehensive offerings will give customers the appropriate resources to facilitate compliance with new regulatory standards at all stages of adoption. Managing Director Tom Staszak and Vice President Chris Gain were the GCM M&A advisors to Enoserv on the transaction. "Enoserv's expertise in software development and commitment to providing innovative, reliable and user-friendly solutions will enable Doble to better meet the testing needs of its customers as they work to maintain their assets in the midst of a heightened regulatory environment," stated Tom Staszak.
Doble has been helping clients in the electric power industry improve operations and optimize system performance for nearly a century in over 110 countries. Doble offers diagnostic instruments, services, and the world's premier library of statistically significant apparatus test results for the benefit of energy generation, transmission, delivery companies, and industrial power users worldwide. Doble is part of the Utility Solutions Group of ESCO Technologies, Inc. "Our combined resources will empower utilities to ensure grid reliability and enhance the safe delivery of electric power. On behalf of the entire Enoserv team, we're thrilled to join the Doble community," stated Dennis Loudermilk, Enoserv founder and president.