PowerSecure Acquisition Of PDI Data Center Business Expands Data Center Capabilities

PowerSecure International, Inc.

today announced it has acquired the data center energy services business of Power Design, Inc. (PDI). This business provides full turnkey electrical infrastructure design, implementation and commissioning service to data center owners. Under the purchase agreement, PowerSecure paid PDI $13 million in cash, with the potential for an additional earn-out payment of up to $2 million. "The data center energy services business of PDI has established itself as a market leader in designing and delivering electrical infrastructure for data centers and we are very excited to add this capability to our portfolio," said Sidney Hinton, chief executive officer of PowerSecure. "PowerSecure has served as a supplier providing our data center solutions to PDI and we believe by adding their direct customer channel and capabilities we have the potential to accelerate our access to key data center decision makers who are designing and evaluating backup power and control systems for their facilities," Hinton added. In the trailing twelve month period from the third quarter of 2013 through the second quarter of 2014, this business generated more than $24 million in revenue, resulting in approximately $7.8 million of pre-tax operating income for PDI. These results are subject to adjustment following the completion of an independent audit. PowerSecure expects the transaction to be slightly dilutive to earnings per share (EPS) in Q4 2014, and meaningfully accretive to EPS in 2015. Conference Call Information The company will host a conference call to discuss the PDI transaction commencing today at 8:30 am eastern time. The conference call will be webcast live and can be accessed from the Investor Relations section of the company's website at www.powersecure.com.  Participants can also access the call by dialing 866-318-8616 (or 617-399-5135 if dialing internationally), and providing pass code 20744302.  If you are unable to participate during the live webcast, a replay of the conference call will be available beginning today through midnight on October 28, 2014.  To listen to the replay, dial toll-free 888-286-8010 (or 617-801-6888 if dialing internationally), and enter pass code 42474409. In addition, the webcast will be archived on the Company's website at www.powersecure.com.