"PPE's talented professionals and their extensive knowledge of the California power market will create new opportunities for us as we expand our geographic footprint and enhance our capacity to serve more clients," said Doug Jaeger, President and CEO at Ulteig. "We have had multiple years of impressive growth through the execution of our strategic plan, and this acquisition aligns with our plans to continue on that trajectory."
Ulteig, a provider of comprehensive engineering/design, program management and technical and field services, has acquired Pacific Power Engineers (PPE), a Sacramento, CA, power systems engineering firm that offers expertise in electrical engineering and project management to government, utility, military and privately-owned companies.
"PPE's talented professionals and their extensive knowledge of the California power market will create new opportunities for us as we expand our geographic footprint and enhance our capacity to serve more clients," said Doug Jaeger, President and CEO at Ulteig. "We have had multiple years of impressive growth through the execution of our strategic plan, and this acquisition aligns with our plans to continue on that trajectory."
In addition to project management capabilities, PPE provides a full portfolio of electrical engineering services, including protection & control engineering/design, relay settings studies and NERC (North American Electric Reliability Corporation) compliance analysis. PPE specializes in supporting interconnection to the grid within CAISO (California Independent System Operator), a nonprofit organization that oversees the state's bulk electric power system.
"Ulteig is an excellent cultural fit for us," said PPE President Derek Stewart. "Their core values align well with our cultural beliefs. We are particularly excited that our team will be able to leverage Ulteig's strong reputation and substantial operational capacity to extend more services to clients throughout the western states."
PPE will be integrated into Ulteig's organizational structure and will operate under the Ulteig name. PPE's Sacramento office will provide Ulteig a local presence to further develop this geographic market. Ulteig fully expects the acquisition to have a positive impact on its employee-owner shareholders through increased earnings and incremental growth.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Severity: Warning
Message: count(): Parameter must be an array or an object that implements Countable
Filename: amp/news_details_amp.php
Line Number: 252
Backtrace:
File: /home/smartmarketnews/public_html/application/views/amp/news_details_amp.php
Line: 252
Function: _error_handler
File: /home/smartmarketnews/public_html/application/controllers/Amp_controller.php
Line: 41
Function: view
File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.
media@smartmarketnews.com | sales@smartmarketnews.com
Contact Us