Currently owned by Wellspring Capital Management LLC, Protectron, which was founded in 1988, will continue its Canada-wide development by taking advantage of significant synergies with its new owner, announced Daniel Demers, Protectron’s president and CEO.
“Wellspring Capital Management successfully carried out its business plan, and the time had come for it to realize a return on its investment,†Demers stated. “Together, we have made Protectron a key national player, and for this we are grateful to them. With the takeover by Union Energy LP, we enter a second phase of rapid expansion and gain priority access to more than 30 percent of our residential target market in Ontario.