SPATCO Energy Solutions (Kian-backed) Acquires Hobby Electric and UST Services Corporation

September 30, 2024

Kian Capital–backed SPATCO Energy Solutions completed add-on acquisitions of Hobby Electric (Benton, Arkansas) and UST Services Corporation (Owings, Maryland), expanding the platform's electrical, EV infrastructure, and environmental/tank services capabilities. The transactions deepen SPATCO's Midwest and Mid-Atlantic presence, add specialized electricians and environmental/compliance capabilities, and support the company's strategy of growing a full-suite fueling and EV services platform.

Buyers
SPATCO Energy Solutions, Kian Capital
Targets
Hobby Electric, UST Services Corporation
Platforms
SPATCO Energy Solutions
Location
United States
Transaction Type
Addon

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