This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Juhl Wind, Inc. Announces Acquisition Of Power Engineers Collaborative, LLC -- An Industry Leader In Power Engineering

PIPESTONE, Minn., May 3, 2012 /PRNewswire/ -- Juhl Wind, Inc. (OTCBB: JUHL.OB), the Leader in Community Wind Power and Renewable Energy, today announced it recently closed on the acquisition of Power Engineers Collaborative, LLC ("PEC") – a Midwest engineering firm dedicated to providing services to clients which include electric utilities, independent power producers ("IPP"), and industry and building systems.  Power Engineers Collaborative, LLC will continue to conduct its business under its industry-recognized name and its management/operations will remain unchanged.

"We are very proud to announce the addition of Power Engineers Collaborative to Juhl Wind," stated Dan Juhl, Chairman and CEO of Juhl Wind Inc.  "We saw three very clear benefits to our acquisition of PEC: experience, significant expansion of our base business and an opportunity for our team to offer increased capabilities throughout the energy industry.  The founders of PEC, George Shibayama, Matt Brown and Bryan Eskra, bring over 110 years of industry leading experience to our team along with one of the finest engineering groups in the space.  The addition of their business into our organization brings an expected $4.5 million per year in annual revenue to our base business along with a host of cross-selling opportunities that we expect will lead to additional growth at PEC and across all of our subsidiaries."

"By adding PEC to our team, we significantly boost our ability to grow well beyond Community Wind and into the full range of clean energy sectors including natural gas, biomass, waste-to-energy, medium-to-large on-site solar, and support to larger wind farm construction," added John Mitola, President of Juhl Wind, Inc.  "This move represents a natural expansion on top of the credibility we enjoy in the medium-scale wind industry.  We see this as yet another step toward becoming a much broader enterprise with a leading position in the clean energy space.  As a result, and of added significance, the expansion of our base services business with a leading professional services consulting firm allows us to not only expand our offerings, but also to begin establishing the growth of our base-line revenue flow from the development side of our business.  As we have stated in the past, we expect to continue to add to our core operating businesses whether it be with acquiring professional services like PEC, increasing our maintenance services and/or with the continued growth in our Juhl Renewable Asset Inc. IPP subsidiary through acquisitions of existing clean energy assets or investment in our newly developed projects."

"We are very excited to have joined the Juhl Wind Team," stated George Shibayama, founder and president of Power Engineers Collaborative, LLC. "This is a great move for PEC – Juhl Wind has a very aggressive growth strategy and PEC will be an important part of that strategy. This will provide improved business development for PEC as well as an expanded range of offerings to our customers.  Juhl brings a strong balance sheet made up of the ownership of three larger wind farms along with their ability to provide complete start-to-finish development support given their track record in developing 21 wind farms to date.  That means, in addition to outstanding engineering, we can provide enhanced energy industry expertise, development consulting and the ability to help get our client's projects financed." 

PEC's core business includes aiding clients in site selection, environmental permitting, equipment studies, financing, preparation of contract documents, bid evaluation, contract awards, preparation of detailed construction documents, design of auxiliary facilities, engineering services during construction, and training of operating and maintenance personnel.

The Building Systems Engineering Division (BSE) extends these capabilities and focuses them toward the Mechanical, Electrical, Plumbing ("MEP"), Fire Protection, and energy-related needs of the commercial, residential and institutional sectors.

PEC's MEP work experience ranges from interior developments to high-rise new construction. Business sectors include commercial, retail, data and communication, K-12 and higher educational, food service, high-rise development, hotel, multi-family residential, industrial, geothermal heat pump systems, power, municipal, public works, and parking facilities. 

PEC offers clients services in all phases of an MEP project including permitting, conceptual design, project management and detailed design and construction commissioning start-up.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs