Energy Impact Partners (EIP) has made an equity investment of more than C$150 million ($111 million) in RS Technologies Inc. (RS), a portfolio company of Werklund Growth Fund.
RS designs, engineers and manufactures composite poles, crossarms, structures and related products for the electric utility transmission and distribution sectors. The company’s products offer greater fire and storm resiliency, safer operation and lower total life-cycle costs relative to traditional wood, steel or concrete products.
The investment will accelerate the continued expansion of RS Technologies’ utility structure manufacturing business in North America.
“We are experiencing enormous demand from electric utilities working to update their systems to withstand more severe weather events such as those recently impacting the Southeast U.S. and the Canadian Maritimes,” said George Kirby, CEO of RS Technologies. “This investment from Energy Impact Partners ensures that we can