Radiation Safety & Control Services, Inc. (“RSCS”) announced that it has been acquired by Allied Power, a portfolio company of Bernhard Capital Partners. RSCS is the leading provider of nuclear power support services for operating and decommissioning power reactors. This transaction is the successful culmination of an initiative led by Peloton Advisory LLC.
Founded in 1989 by Jay Tarzia, Eric Darois and Fred Straccia, RSCS (www.radsafety.com) provides provides project management, technical, and laboratory services to the nuclear power industry, the government, and other companies that use radioactive material. RSCS actively manages and supports nuclear and radiological operations and decommissioning projects through its specialty services and staff augmentation. RSCS’s project services, ISO/IEC accredited laboratory, and its manufacturing division provide state-of-the art solutions to its clients to improve quality and efficiency. RSCS has a dedicated team of approximately 230 employees nationally. The company will continue to be led by its Executive Directors, Jay, Eric and Fred.
Jay Tarzia, Principal & Executive Director of RSCS commented, “as we head into the fourth decade of operation, we recognized that our Company needed to find a partner with aligned culture and technical expertise to assure the future of RSCS providing world-class services to the Nuclear Industry both in support of operating plants and decommissioning projects. With Peloton’s leadership and guidance, we deliberately evaluated several options and are very happy to have selected Allied Power as our partner, which we thought was the best fit for the future of our employees and customers.”
“We are thrilled to welcome such an established and well-respected team in the industry to the Allied family,” said Ron McCall, Chief Executive Officer of Allied Power. “RSCS’s proprietary products and best-in-class monitoring and technician services will enable us to capitalize on new contract opportunities, enhance the on-site and supportive offerings we provide to our nuclear facility clients and maximize significant tailwinds in the decommissioning space. We look forward to working closely with the RSCS team and embarking on a new phase of growth together.”
Allied Power (www.alliedpwr.com) is a diversified, full-service provider of power plant services spanning the entire asset life cycle. The Allied Power team and leadership has vast experience in the utility industry and expertise in power generation. Utilizing this expertise, Allied Power is able to provide customers with proven, practical, and innovative approaches that maximize the efficiency and cost effectiveness of utilities without sacrificing safety or quality. Allied Power provides a full range of professional, technical and craft services including routine maintenance, outage, and capital construction services.
Peloton Advisory LLC (www.pelotonadvisory.com) provides M&A advisory to highly successful, privately-owned entrepreneurial companies and their owners.
