Mississauga, Ontario – February 4, 2026 – Total PowerGen Solutions (“TPGS”), a full-service provider of power generation solutions, completed the acquisition of Prime Power Services (“Prime Power”). Terms of the transaction are not disclosed.
Founded in 1983 and based in Austell, Georgia, Prime Power is a provider of generator and engineering services serving diversified end markets, including data centers, hospitals, utilities and other industries. Prime Power provides 24/7 emergency services, repairs and rentals, as well as other power solutions including automated transfer switch installation and repairs, custom switchgear design and maintenance, turnkey power system design, installation, and commissioning, and custom training for technicians and facilities operators.
The acquisition of Prime Power closely follows the appointment of Chris Hillman, who was named the CEO of TPGS in October.
“We view our partnership with Prime Power as a cornerstone acquisition that not only helps to expand our presence in the Mid-Atlantic and Southeast regions in the U.S., but also brings new capabilities that will serve the entire TPGS organization,” noted Chris Hillman, CEO of TPGS. “The team at Prime Power shares our customer-first philosophy. Together, I believe we are well positioned to scale the platform while continuing to deliver exceptional service across our expanded footprint.” “
“This an exciting milestone for Prime Power as we approach the 45th anniversary since our founding,” noted Adam Mathes, former President of Prime Power and now Executive Vice President of TPGS. “The TPGS team shares our culture of service and quality. We’re looking forward to sharing best practices and capitalizing on the opportunity set in front of the combined business.”
Based in Mississauga, Ontario, TPGS is a full-service provider of power generation solutions. Audax Private Equity invested in TPGS in July 2024, and since the Audax investment, the company has now completed four acquisitions in Canada and the United States. Guggenheim Securities, LLC served as the buy-side financial advisor, while Stikeman Elliott LLP and Kirkland and Ellis LLP served as legal counsel.
ABOUT TOTAL POWERGEN SOLUTIONS (TPGS)
Total PowerGen Solutions is a North American provider of power generation solutions that has been in business since 1959. Operating across Canada and the United States, Total Power provides a full complement of maintenance and repair services, rentals, and equipment sales for standby, mobile and prime power generator systems and other power quality and continuity equipment ranging from 10kW to 2,000kW and beyond.
ABOUT PRIME POWER
Founded in 1987, Prime Power Services is a leading independent generator service provider in the southeast. Maintaining a full staff of engineers with a fleet of field service technicians, Prime Power is capable of immediate and reliable support across the spectrum of power generation needs. From turnkey power source installations to temporary generator rentals, Prime Power is there at any hour to keep the lights on.
ABOUT AUDAX PRIVATE EQUITY
Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity is a leading private equity platform focused on investing across the North American middle market. Our objective is to accelerate value creation through our Buy & Build strategy and the Audax Value Agenda™, a holistic framework that seeks to create, enable, and protect value across every stage of the investment lifecycle. As of January 2026, Audax Private Equity had approximately $19.5 billion of assets under management and, since inception in 1999, has invested in more than 180 platforms and more than 1,400 add-on acquisitions. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.