Allied Power Group Completes Acquisition of Nexgen Advanced Fuel Systems

Allied Power Group (“APG”) is pleased to announce it has acquired Nexgen Advanced Fuel Systems (“Nexgen”), a leading provider of fuel nozzle and other critical component repair services for heavy-frame industrial gas turbines. Mark Dion, Nick Dion and James Henry, the founders of Nexgen, will join the APG leadership team.

“Nexgen’s leading fuel nozzle and fuel system capabilities round out APG’s comprehensive suite of critical maintenance solutions for heavy-frame industrial gas turbines,” said Jim Masso, APG’s President. “Adding Nexgen’s capabilities to our existing suite of component and rotor repair, field service and replacement part solutions positions APG to continue providing our power generation clients with best-in-class service.”

“Joining forces with APG adds capacity and increased technical capability to both companies,” said Mark Dion, founder of Nexgen. “Working closely with the APG team, I anticipate rapid growth with continued emphasis on delivering enhanced value to our employees, customers, and shareholders.”

“APG is extremely pleased to be combining with Nexgen,” said David Theis, APG’s CEO. “The strategic outlook for the two organizations is extremely positive, and we are excited to bring both cultures together with continued focus on best-in-class execution and value for our combined client base.”

About APG

APG is a growing independent provider of critical components and services to its customers in the power generation, refining, pipeline, and general industrial sectors. Allied’s fully-integrated suite of Industrial Gas Turbine products and services include engineered inspections and repairs, specialized coatings, precision manufacturing of replacement components, experienced field service professionals, multi-faceted rotor repair, and an expansive inventory of refurbished parts. The Allied team is comprised of seasoned industry veterans with expertise in engineering and access to the latest technology which allow it to provide its customers with innovative and flexible solutions.

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