New merger and acquisition: Lamar Technical Services Inc has been acquired by Think Power Solutions.
In recent news concerning mergers and acquisitions in the energy and technology sectors, Lamar Technical Services Inc. (LTSI), a Texas-based company specializing in GIS data collection, construction staking, easement research, and other related services, has been acquired by Think Power Solutions, another Texas-based company providing tech-enabled solutions for utility infrastructure management.
The acquisition aims to enhance Think Power Solutions’ service offerings by incorporating complimentary services, reinforcing both companies’ dedication to innovation, enhanced customer service, and ongoing excellence in service delivery. According to a company statement that was shared, the acquisition represents a pivotal moment for both companies, a sentiment echoed by Hari Vasudevan, the Founder & CEO of Think Power Solutions, who expressed excitement about the opportunity to collaborate with LTSI and drive innovation together.
Vasudevan further highlighted the importance of this partnership in advancing Think Power Solutions’ innovation initiatives and shaping the future of utility and infrastructure excellence. He emphasized the company’s strategic growth through mergers and acquisitions, with a specific focus on infrastructure-led businesses.
LTSI, which has been catering to electric utility clients in Texas, the Southeast, and the Midwest for over a decade, emphasized the importance of cultural alignment in its decision to partner with Think Power Solutions. Larry J. Krenek, Founder of Lamar Technical Services Inc., commended Think Power Solutions’ employee-centric culture and expressed optimism about leveraging their achievements to foster growth in the energy and utility sector.
With more than 25 years of experience in the Texas utility sector, LTSI has garnered recognition for consistently exceeding client expectations. Specializing in services such as GIS data collection, construction staking, layout, and easement research, LTSI operates from Cedar Park and Conroe, Texas, serving as a key player in the industry.
The state of Texas maintains a prominent position in the energy landscape, being a leader in energy production and accounting for a substantial portion of the country’s electricity generation. Texas’ significant contributions to the energy sector further solidify its role in shaping the energy landscape for years to come.
