POWER closes deal with Sega Inc.
HAILEY, Idaho (July 3, 2017) ‒ POWER Engineers Incorporated (POWER) announced today that it has closed a deal to acquire Sega Inc., a Kansas City-based consulting engineering firm with deep experience in power generation and power delivery.
“We’re very pleased to be able to welcome Sega’s employees to the POWER team,” said POWER CEO Bret Moffett. “Our combined company will allow us to provide a greater range of services to our clients while strengthening our regional presence.”
With this acquisition, POWER will become a stronger U.S. presence in power engineering markets while offering robust environmental services. Sega, a 130-person firm, focused mainly on power plant and electrical transmission line and substation engineering services.
Sega’s experts will help POWER continue to offer a world-class suite of services across the full spectrum of the power generation and delivery industries. Meanwhile, Sega’s existing clients will be able to work with the same teams they know and trust while enjoying the expanded service offerings and resources provided by POWER’s 2,100-person staff.
“We are very pleased to be part of two great independent firms joining forces—our cultures and strategies are a terrific match,” said Derek Jacobs, Sega’s former CEO. Jacobs will become Vice President of Generation Engineering in the new organization.
The two companies previously announced their intention to explore a deal in February. Sega’s current office in Overland Park and POWER’s office in Lenexa will remain open for the foreseeable future.