USA, Georgia: Falfurrias Capital Partners, North Carolina-based private equity firm, has acquired Norcross, Georgia-based Efacec ACS, Inc. from the Efacec Group for undisclosed terms. The company name will change to Advanced Control Systems, Inc. (ACS).
Falfurrias Capital Partners formed NATDG in 2013 to acquire and grow well-performing US-based companies with strong balance sheets that support mission-critical elements of the electric utility grid. The first acquisition made by NATDG was ITEC, a Charlotte-based manufacturer of instrument transformer products.
ACS' product portfolio includes SCADA, distribution management, outage management and substation automation. ACS was one of the first companies in the industry to deliver a truly integrated ADMS platform, combining distribution and outage management functions using a common network model and user interface.
“ACS has a tradition of innovation that has kept us at the forefront of the transformation to an intelligent grid” said José Barbosa, CEO of ACS. “Together with the NATDG leadership and the backing of Falfurrias Capital Partners, we will continue developing new solutions that empower our customers to meet the challenges they face today and in the years to come.”