Sier Capital Partners Makes Growth Investment Into US Electric
Nov 8, 2022
SEATTLE - November 8, 2022 - (Newswire.com)
US Electric is a leading provider of electric repair & maintenance services for marine vessels. The investment was made by an affiliate of Sier Capital Partners and supported by MVB Bank.
US Electric is headquartered in Seattle, WA, and plays a central role in providing customized electrical solutions to cargo, fishing, passenger, navy, cruise ships, and other vessels. The Company acts as a full-service partner for its customers, helping to build custom switch boards and other electrical infrastructure to keep ships in motion. Given the high opportunity cost of commercial vessels lying idle in harbor due to electrical concerns, US Electric acts as a key partner for its customers in providing parts and service. The Company also provides customers immediate services in the event of an emergency, dispatching trained crews to the ship's location. In the specialized industry of marine electrical solutions US Electric brings a hands-on team with deep experience in the field.
Chris Tarrach, CEO of US Electric remarked, "In an increasingly globalized environment that continues to suffer from supply shocks, US Electric's offerings are more crucial to a highly-functioning American economy than ever. The cargo vessels that US Electric keeps moving on key Pacific routes are a crucial part of keeping shelves stocked at home. The fishing vessels provide fish for millions of dinner tables. I'm excited to lead this organization, which has a stellar industry reputation, and to continue to grow the reach of its services. The partnership between US Electric and Sier Capital enables the business to invest on a new level in the resources our clients most need."
Kevin Ramsier, Managing Partner of Sier Capital Partners, commented, "US Electric is a rare business with incredible people. Their passion for their electric work comes from the kind of early curiosity that makes people really great at what they do. Taking that engineering mindset, knowing how every wire connects and its role in the system, is a huge part of what makes the company so effective. Beyond that, their dedication to build a culture of hard work, and customer centric decision making has made US Electric such an impressive business. We are thrilled to partner with them."
About US Electric (https://uselectric.com):
US Electric provides comprehensive electric repair, and maintenance services to marine vessels, with an emphasis on work along the West coast. The Company acts as a mission critical support provider for its customers, with high quality parts and inventory on hand, reducing or eliminating wait times for customers. The Company also provides preventative maintenance services to its customers, which can help ships prepare in advance for the strains of constant ocean voyages, saving times & money in the long run.
For more information about US Electric or Sier Capital Partners, contact Adam Altus.
Contact Information:
Adam Altus
Managing Partner
[email protected]
5166952313
Press Release Service by Newswire.com
Original Source: Sier Capital Partners Makes Growth Investment Into US Electric
More News
Captain confident ahead of top-flight return
Skipper Daniel Bell-Drummond is optimistic Kent can compete in County Championship Division 1 next summer.
Ainsworth demands response after Gillingham’s Accrington flop
Changes could be on the cards for Gillingham after their weekend disappointment.
Gillingham boss pays tribute to ‘fantastic’ former captain Doug Loft
Gillingham fans will get the chance to pay tribute to their former captain Doug Loft tonight.
‘Not good enough by a long shot’: Ainsworth tears into Gillingham
Manager Gareth Ainsworth admitted that even he was surprised at how badly his Gillingham team performed on Saturday.
FA Cup first round draw: Gillingham await replay winners while Dover face home tie
Gillingham and Dover Athletic have both been drawn at home in the first round of the FA Cup.
KentOnline’s team of the week
Find out who’s in KentOnline’s team of the week and vote for your star man.
Freeman sends defiant message after Gillingham’s Accrington setback
Nick Freeman is confident Gillingham won’t repeat their below-par performance at Accrington.
Top two meet in county cup clash
The Kent Senior Trophy took centre stage on Saturday with clubs competing in the first round.
Report: Defensive woes as Gills beaten at Accrington
Gillingham left Accrington empty-handed after conceding from a defensive mix-up and twice from corner kicks.
Five-in-a-row Town sink league leaders
Whitstable came from behind to beat Isthmian South East leaders South Park and secure a fifth straight league victory.
Matchday Live: Accrington v Gillingham, Dover v Dorking, Maidstone v Maidenhead
Follow today’s football action, including Gillingham away to Accrington, in our live blog.
‘We’re going for afternoon point-grabbing’ – Ainsworth’s Accrington mission
Gareth Ainsworth knows Accrington inside out and has warned the Gills they must match the hosts’ intensity if they are to make it back-to-back wins.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.