First Reserve Invests in Lindsey Systems to Enhance Electric Grid Solutions
First Reserve has completed a majority equity investment in Lindsey Systems, marking the company's first institutional funding. This investment aims to accelerate Lindsey's growth in engineered solutions for transmission and distribution grid infrastructure.
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First Reserve has made a majority equity investment in Lindsey Systems, which specializes in engineered solutions for power grid infrastructure, marking Lindsey's entry into institutional funding. The partnership aims to leverage First Reserve's expertise to execute a strategic growth plan, enhancing Lindsey's brand and technical capabilities while maintaining its core values.
The investment addresses the increasing demand for grid modernization and load growth, presenting a clear opportunity for Lindsey to scale operations. B. Riley Securities acted as the financial advisor, while Stradling Yocca Carlson & Rauth LLP provided legal counsel.
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