- RS designs, engineers and manufactures composite poles, crossarms, structures and other related products for the electric utility transmission and distribution sectors
- Its products are installed at more than 460 utility customers across 28 countries
- Werklund Growth Fund acquired the company in January 2019
Energy Impact Partners had made a more than CA$150 million ($109 million) investment in RS Technologies to support the company’s expansion of its utility structure manufacturing business in North America.
RS, headquartered in Calgary, is majority owned by Werklund Growth Fund, an affiliate of Werklund Family Office.
RS designs, engineers, and manufactures composite poles, crossarms, structures and related products for the electric utility transmission and distribution sectors. Its products offer greater fire and storm resiliency, safer operation, and lower total life-cycle costs relative to traditional wood, steel or concrete products. Achieving a service life of up to 120 years, RS products are installed at more than 460 utility customers across 28 countries in some of the most severe weather regions in the world.
Werklund Growth Fund acquired the company in January 2019, as reported by PE Hub.
“We are very excited to partner with RS and enable their continued growth in providing advanced composite infrastructure solutions for a more sustainable grid,” said Steven Kantowitz, partner at EIP, in a statement. “Our significant investment in RS reflects EIP’s commitment to taking action in building a more resilient infrastructure, one of the pillars of our investment strategy.”
Based in New York, EIP is a global investment firm that invests technology and industrial companies that work around the transition to a sustainable future. It has $2.9 billion in assets under management.
Werklund Family Office is one of Canada’s largest single-family offices and manages the philanthropic, financial and business affairs of David Werklund and the Werklund family from Calgary.
JP Morgan Securities acted as placement agent to RS Technologies.