CEDAR RAPIDS, IOWA (October 14, 2021) — St Martin Holdings Company, a generational, multi-business enterprise, announces the acquisition of Mehta Tech Inc, based in Eldridge, Iowa. Founded in 1983, Mehta Tech is a leading equipment supplier for systems monitoring including data collection, storage, processing, and communication for utilities and power systems. Mehta Tech has over 1,800 system-installations monitoring critical power-infrastructures across North America.
“Mehta Tech is the black box of electrical infrastructure capturing critical data and delivering insights to ensure grid resiliency,” remarked Nick Taiber, St Martin President, “Mehta Tech represents St Martin’s newest business-platform, utility infrastructure, an exciting growth-vertical as the world demands safe, reliable, and robust energy-infrastructure to serve the electrification and digitization of everything!”
Tony Ranson, President, and Jim Hackett, Executive VP, will continue to lead Mehta Tech. “We are excited to partner with an enterprising company such as St. Martin to pursue our next phase of growth,” said Mr Ranson, “Mehta Tech will continue to deliver the very best hardware solutions, coupled with great software and communication technologies to our valued customer-base.”
Established in 1983 by Harish Mehta, Mehta Tech has evolved into an industry leader of digital fault-recorders, dynamic disturbance-recorders, phasor data-streaming, coupled with superior service, to provide customer-focused solutions for electrical substations, power generation, petrochemical, and silicon-fabrication plants. Located in Eldridge, Iowa, Mehta Tech (www.mehtatech.com) develops, designs, builds, and supports with eighteen dedicated and talented employees consisting of engineers, technicians, sales, field, and administrative-support personnel.
Established in 1905 and headquartered in Cedar Rapids, Iowa, St Martin Land Company was created to develop land and resource interests in the Atchafalaya Basin, Louisiana. In the 2000s, the company began diversifying operations to support generational growth and legacy enhancement as St Martin Holdings Company (www.stmartinholdings.com). St Martin manages a balanced asset portfolio of operating companies, real estate, and investments. The Mehta Tech acquisition is consistent with St Martin’s dual-investment mandate — to grow the company and its legacy.
