Madison River Capital backs power infrastructure firm Nexus Power
What's the deal? Madison River CapitalDealroom has a profile for this one. Try Dealroom → (MRC) has made a strategic growth-equity investment in Nexus PowerDealroom has a profile for this one. Try Dealroom →, a Salt Lake City control technology company that designs and delivers integrated high-specification power systems. Main Street CapitalDealroom has a profile for this one. Try Dealroom → also participated. Terms were not disclosed.
What does Nexus do? It acts as a manufacturer representative and provider of design, engineering, procurement, and project management for power systems. Nexus is ABBDealroom has a profile for this one. Try Dealroom →'s exclusive representative across 11 Western and Mid-Western states — a relationship spanning more than 20 years — and partners with HitachiDealroom has a profile for this one. Try Dealroom → and roughly 20 other equipment makers.
The company runs two segments: a Commissions business under exclusive territory agreements with tier-one manufacturers, and a Solutions business coordinating low- to high-voltage gear, engineering partners, and delivery logistics.
What's the endgame? The capital will fund geographic expansion, targeted acquisitions in design engineering, and team growth. Nexus serves government, utilities, data centers, mining, oil and gas, and semiconductor manufacturing customers.
Why now? Demand for power infrastructure is climbing across data centers, utilities, and industrial end-markets. Nexus points to broad electrification trends: grid modernization, AI infrastructure, data center buildouts, and the reshoring of industrial manufacturing.
"This investment gives us the capital and strategic support to scale faster than we could on our own," said Pete Jones, president and chief executive officer of Nexus Power.
Rich Haag, co-founder and board member, called MRC "deeply experienced investors and collaborative partners who share our vision for the future."
The signal: The deal is MRC's second in high-specification electrical infrastructure, after JDC Power Systems, an integrator serving the data center market. It reflects investor appetite for the picks-and-shovels suppliers powering the AI and electrification boom.
Image credit: FirstEnergy Corp.
