Firefly Capital Management Acquires Gravity Power to Enhance Critical Power Solutions
In a significant strategic move within the power infrastructure sector, Gravity Power & Rental, a key player in the critical power generation and rental equipment landscape, has been acquired by Firefly Capital Management. This acquisition is poised to enhance Gravity’s operations and expand its service offerings, particularly in response to the growing demand for reliable onsite power solutions across various industries.
Gravity, known for its extensive fleet of over 2,000 mobile power generation units, has built a robust infrastructure that supports thousands of sites across 13 states in the U.S. This acquisition signifies not only a merger of resources but also a commitment to providing enhanced power-as-a-service solutions that cater to diverse end markets, including energy, industrial, and digital infrastructure sectors.
Rob Rice, President and CEO of Gravity, expressed his enthusiasm about the acquisition, stating, "We spent the last several months looking for the right owner to continue the momentum in our mobile power and rental business, and Firefly is that partner." Firefly Capital Management is recognized as a firm that focuses on investing in critical infrastructure, and their belief in Gravity’s mission to deliver safe, reliable, and efficient power solutions has set the stage for a promising future.
Jon Doochin, a partner at Firefly, reiterated the reputation that Gravity has built over the years. With a strong safety record and enduring customer relationships, Gravity is well-positioned to lead in the rapidly growing demand for onsite power solutions. Doochin remarked, "The Gravity team has built an industry reputation, fleet, safety record, and customer relationships that took years in the field to earn. Our goal with Gravity is to invest in its people for the long term."
Jakob Blomqvist, another partner at Firefly, echoed these sentiments, highlighting Gravity’s track record of delivering consistent results for its clients. He stated, "Gravity has earned its reputation one deployment at a time. This team delivers for its customers every day, and we are proud to back them."
Post-acquisition, Gravity will maintain its brand identity and continue its operations under the leadership of Rob Rice and the current management team. This continuity is critical as the company continues to meet the escalating needs for energy generation solutions in the marketplace.
Firefly’s strategic focus on supporting companies in critical infrastructure aligns perfectly with Gravity’s mission. As the demand for reliable onsite power solutions surges, Gravity’s expansive fleet, experienced workforce, and commitment to customer service will be instrumental in driving the company’s growth and success in the coming years.
Additionally, the acquisition process was supported by legal and financial advisors, with Davis Graham & Stubbs LLP serving as legal counsel for Firefly and Piper Sandler & Co. facilitating the financial advisory, which further solidified the acquisition’s success.
Gravity remains a leading entity in the field of critical power generation and infrastructure solutions, operating throughout the United States. With the backing of Firefly Capital Management, the company is set to innovate and expand its services to meet the future energy needs of its clients. For more information about their offerings, interested parties are invited to visit www.gvty.com.
As the energy sector evolves and the demand for robust power solutions continues to rise, collaborations and acquisitions like this will play a pivotal role in shaping a more resilient and capable energy infrastructure across the country.
Gravity, known for its extensive fleet of over 2,000 mobile power generation units, has built a robust infrastructure that supports thousands of sites across 13 states in the U.S. This acquisition signifies not only a merger of resources but also a commitment to providing enhanced power-as-a-service solutions that cater to diverse end markets, including energy, industrial, and digital infrastructure sectors.
Rob Rice, President and CEO of Gravity, expressed his enthusiasm about the acquisition, stating, "We spent the last several months looking for the right owner to continue the momentum in our mobile power and rental business, and Firefly is that partner." Firefly Capital Management is recognized as a firm that focuses on investing in critical infrastructure, and their belief in Gravity’s mission to deliver safe, reliable, and efficient power solutions has set the stage for a promising future.
Jon Doochin, a partner at Firefly, reiterated the reputation that Gravity has built over the years. With a strong safety record and enduring customer relationships, Gravity is well-positioned to lead in the rapidly growing demand for onsite power solutions. Doochin remarked, "The Gravity team has built an industry reputation, fleet, safety record, and customer relationships that took years in the field to earn. Our goal with Gravity is to invest in its people for the long term."
Jakob Blomqvist, another partner at Firefly, echoed these sentiments, highlighting Gravity’s track record of delivering consistent results for its clients. He stated, "Gravity has earned its reputation one deployment at a time. This team delivers for its customers every day, and we are proud to back them."
Post-acquisition, Gravity will maintain its brand identity and continue its operations under the leadership of Rob Rice and the current management team. This continuity is critical as the company continues to meet the escalating needs for energy generation solutions in the marketplace.
Firefly’s strategic focus on supporting companies in critical infrastructure aligns perfectly with Gravity’s mission. As the demand for reliable onsite power solutions surges, Gravity’s expansive fleet, experienced workforce, and commitment to customer service will be instrumental in driving the company’s growth and success in the coming years.
Additionally, the acquisition process was supported by legal and financial advisors, with Davis Graham & Stubbs LLP serving as legal counsel for Firefly and Piper Sandler & Co. facilitating the financial advisory, which further solidified the acquisition’s success.
Gravity remains a leading entity in the field of critical power generation and infrastructure solutions, operating throughout the United States. With the backing of Firefly Capital Management, the company is set to innovate and expand its services to meet the future energy needs of its clients. For more information about their offerings, interested parties are invited to visit www.gvty.com.
As the energy sector evolves and the demand for robust power solutions continues to rise, collaborations and acquisitions like this will play a pivotal role in shaping a more resilient and capable energy infrastructure across the country.
Topics Energy）
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