Curated News
By: NewsRamp Editorial Staff
October 23, 2024
Canter Power Systems Expands with Acquisition of Grasten Power Technologies
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- Canter Power Systems expands its reach and resources by acquiring Grasten Power Technologies, solidifying its position in the residential backup power market.
- Canter Power Systems, a Generac Power Pro Premier dealer, acquired Grasten Power Technologies, an installer and service provider of home standby generators, to meet the growing demand for reliable backup power solutions.
- The acquisition of Grasten by Canter Power Systems enhances their ability to provide greater value and reliability to customers in Texas, particularly in light of growing grid instability and severe weather events.
- Canter Power Systems, a leading installer of home standby generators, has acquired Grasten Power Technologies, expanding its market reach and resources in the residential backup power industry.
Impact - Why it Matters
This news matters as it demonstrates the expansion of Canter Power Systems to address the increasing need for reliable backup power solutions in the Texas market. The acquisition highlights the impact of severe weather events and grid instability, emphasizing the importance of reliable backup power sources for homeowners.
Summary
Canter Power Systems, a Generac Power Pro Premier dealer, has acquired Grasten Power Technologies, a premier installer and service provider of home standby generators in Houston and Texas. The partnership aims to meet the growing demand for reliable backup power solutions in the Texas market, addressing grid instability and severe weather events. This marks Canter’s third add-on acquisition since partnering with Rotunda Capital Partners in September 2022.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Canter Power Systems Expands with Acquisition of Grasten Power Technologies
