Principals of True North Advise ACRT Services in Acquisition of StrategiTech
STOW, OHIO July 1, 2020: ACRT Services, a leading provider of independent consulting solutions to utilities and associated organizations throughout the United States, is pleased to announce that it has acquired metering services provider StrategiTech of Ruskin, Florida. As part of the acquisition, the company will be merged with ACRT Services’ existing metering services subsidiary Bermex, and the combined organization will retain the Bermex name.
Founded in 2013 by Tommy Combs, StrategiTech brings decades of utility services experience in a variety of focuses, including meter reading, line locating, advanced metering infrastructure (AMI) deployment, automated meter reading (AMR) deployment, post-deployment services, atmospheric corrosion surveys, gas leak detection and resolution, and general meter services. Additionally, StrategiTech offers Sky Grid Solutions — aerial drone inspections for transmission assets, distribution assets, and solar panels; storm damage; substations and facilities; and vegetation management.
“Our organization has been on a strong growth trajectory for years, and this acquisition is a strong representation of our commitment not only to provide more services to our utility customers but also develop people,” said ACRT Services CEO Michael Weidner. “I’m very excited to welcome the StrategiTech team to our organization and to expand the Bermex portfolio for our customers’ success.”
ACRT Services offers expert independent consulting solutions to utilities and associated organizations throughout the United States, including vegetation management consulting, arborist training, customized safety courses, technology solutions, utility metering services, and more. ACRT Services supports three wholly-owned subsidiaries — Bermex, ACRT, and ACRT Pacific.
This is the second acquisition in which the Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. ("Burch"), were the lead strategic and financial advisors to ACRT Services. In order to assist True North with securities-related transactions, its principals are registered investment banking agents of Burch & Company, Inc., member FINRA/SiPC. Burch and True North are not affiliated entities.