Acquisition brings together two leaders in arc flash, infrared inspections, and lockout tagout services in the U.S., providing enhanced national coverage

Herzig Engineering (“Herzig”), a national electrical services firm focused on safety and compliance in electrified environments, announced the acquisition of Martin Technical, Inc. (“Martin”), a leading provider of lockout tagout, arc flash, electrical reliability and safety services. Herzig Engineering is backed by Copley Equity Partners (“Copley”). Financial terms were not disclosed.

Jim Schuster founded Martin Technical in 2009 and has built the business by supporting customers’ needs over the past 17 years. The integration with Herzig will allow Martin to continue to support its customers through existing services, with enhanced benefits from Herzig’s team and resources. Employees of Martin Technical will join the Herzig team and continue to focus on providing their customers with world-class electrical and industrial safety and compliance services.

"This is an exciting day for Martin Technical, our employees, and our customers," said Jim Schuster, CEO of Martin Technical. “Our mission has been to improve workforce safety and efficiency by providing our customer reliable and trusted solutions driven by innovation and by employees who care. Joining Herzig Engineering allows us to achieve that goal on a much larger scale, while retaining the culture and dedication that made us successful."

"We have long admired what Martin Technical has built," said Matt Weiss, CEO of Herzig Engineering. "This acquisition is a perfect fit for our strategy and will deliver immediate value to our customers by adding more services and expanded team members. This is the kind of high value partnership we envisioned being able to bring to our clients when we decided to work with Copley.”

About Martin Technical

Martin Technical, Inc. was founded in 2009 and has built a reputation for innovation and world class services for lockout tagout and arc flash. Martin Technical is dedicated to enhancing workplace safety, efficiency, and compliance for clients worldwide by offering electrical safety & reliability services, lockout tagout, and workplace safety and training services.

About Herzig Engineering

Herzig Engineering was founded in 2000 and has become a leader in the electrical services market, offering arc flash studies, infrared inspections, training and other safety-related services. Herzig has worked with over 5,000 clients and is committed to providing a safe working environment for electrical and energy workers throughout the country. Its emphasis on quality (“The Herzig Way” process) allows the company to fulfill its mission of allowing its clients’ workers to “Go Home Safely” each day. www.herzigengineering.com

About Copley Equity Partners

Established in 2012, Copley is a private investment firm with offices in Boston and Denver. Copley focuses on partnering with growing, lower-middle-market private companies. The firm invests out of an evergreen, single-family office capital base and is comfortable in both majority and minority ownership positions. Copley invests across various sectors to help businesses fuel growth, manage risk, and create enduring value. www.copleyequity.com

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