Acquisition brings together two leaders in arc flash, infrared inspections, and lockout tagout services in the U.S., providing enhanced national coverage
Herzig Engineering (“Herzig”), a national electrical services firm focused on safety and compliance in electrified environments, announced the acquisition of Martin Technical, Inc. (“Martin”), a leading provider of lockout tagout, arc flash, electrical reliability and safety services. Herzig Engineering is backed by Copley Equity Partners (“Copley”). Financial terms were not disclosed.
Jim Schuster founded Martin Technical in 2009 and has built the business by supporting customers’ needs over the past 17 years. The integration with Herzig will allow Martin to continue to support its customers through existing services, with enhanced benefits from Herzig’s team and resources. Employees of Martin Technical will join the Herzig team and continue to focus on providing their customers with world-class electrical and industrial safety and compliance services.
“This is an exciting day for Martin Technical, our employees, and our customers,” said Jim Schuster, CEO of Martin Technical. “Our mission has been to improve workforce safety and efficiency by providing our customer reliable and trusted solutions driven by innovation and by employees who care. Joining Herzig Engineering allows us to achieve that goal on a much larger scale, while retaining the culture and dedication that made us successful.”
“We have long admired what Martin Technical has built,” said Matt Weiss, CEO of Herzig Engineering. “This acquisition is a perfect fit for our strategy and will deliver immediate value to our customers by adding more services and expanded team members. This is the kind of high value partnership we envisioned being able to bring to our clients when we decided to work with Copley.”
