Backup Power & Critical Power Services
Cardon Partners is actively seeking founder-owned residential and commercial generator service, maintenance, repair, and installation businesses across the United States.
What We're Actively Seeking
Generator Sales, Installation & Service
Businesses that provide generator sales, installation, commissioning, preventive maintenance, repairs, and emergency service for residential and commercial customers.
Preventive Maintenance & Recurring Revenue
Businesses that generate steady, recurring revenue through preventive maintenance, load-bank testing, transfer switch service, compliance support, and NFPA 110 testing.
Residential & Commercial Focus
Businesses that primarily serve residential and commercial customers rather than heavy industrial or utility-scale markets.
What We Look For
Ideal Company Profile
Founder or Family-Owned
Owner-operated businesses where the founder or family is still actively running day-to-day operations.
Established Local Reputation
Strong local reputation and long-standing customer relationships built over years in the market.
Experienced Technical Team
Skilled technicians and technical leadership; the ability to service multiple generator or equipment brands is highly attractive.
Geography & Deal Flexibility
Investing Across the USA
Open to strong opportunities throughout the broader Sunbelt and the rest of the United States.
$1M+ in EBITDA
We partner with established businesses that have strong fundamentals and room to grow.
Full Range of Deal Structures
Whether you're seeking a full exit, partial liquidity, or a long-term partner, we tailor each transaction to your goals.
Why Backup Power
Reliable power is now essential for hospitals, data centers, homes, and small businesses alike. As the grid grows less dependable, more people are turning to backup power to protect what matters. We back founders who've built strong service businesses around exactly that need.
Power Reliability Is Essential
Homes, hospitals, and businesses alike can't afford prolonged outages, making backup power essential, not optional.
Steady, Recurring Demand
Installed systems require ongoing testing and maintenance, recurring revenue that holds up regardless of the economy.
A Fragmented Market
The market is fragmented, with many strong, founder-owned businesses that have never had an institutional partner.
Growing Demand From Data Center & AI Buildout
The rapid growth of data centers and AI is driving major new investment in backup power, expanding the market for service providers.
High Barriers to Entry
OEM certifications, trained technicians, and long-standing relationships make it hard for new entrants to compete with established operators.
Why Us
We have operated inside service businesses like this before, not just invested in them.
A Proven Playbook
We have operated equipment-based service businesses before and executed roll-up integration, turning scattered owner-operators into a single, more valuable platform with double-digit EBITDA multiple exits.
Team In Place To Drive It
We are owner-operators, not passive investors. Our team is ready to support the transition and drive growth from day one.
Committed Capital, Ready To Deploy
Our capital is already committed, so we can move at the pace a seller needs, without waiting on a raise.
Own a Backup Power Business?
Whether you're a founder ready to talk or an advisor representing an opportunity, let's have a confidential conversation.