PirTano Construction Acquires Powerlink Electric

Rising Point Capital Recapitalizes PirTano Construction Company

August 24, 2021

Construction

Rising Point Capital recapitalized PirTano Construction Company, with subordinated debt and equity from Spring Capital and Medallion Capital and senior debt provided by PNC Bank. Hyde Park Capital served as the exclusive investment banker; the deal provides an exit/retirement pathway for PirTano's founder/management team while supporting future growth and scaling of the business.

IT ServicePoint Affiliate Acquires PremiseLink Technologies

August 14, 2023

IT Services

An affiliate of IT ServicePoint, an existing portfolio company of Mill Point Capital, has acquired PremiseLink Technologies LLC. The deal positions PremiseLink as an add-on to the IT ServicePoint platform to expand geographic reach and field-service capabilities across IT deployments for OEMs, VARs, systems integrators and other service providers.

Mill Point Capital Forms Voltaris Power LLC by Acquiring Pioneer Custom Electrical Products and Jefferson Electric

October 30, 2024

Manufacturing

Mill Point Capital formed Voltaris Power LLC by acquiring Pioneer Custom Electrical Products (from Pioneer Power Solutions) and Jefferson Electric (from ERMCO) through corporate carve-outs. The combination creates an electrical power solutions platform focused on switchgear, transformers, unit substations and related engineered products to serve growing end-markets such as EV charging, microgrids and data centers.

Bentley Systems Acquires Power Line Systems from TA Associates for ~$700M

November 16, 2021

Software

Bentley Systems agreed to acquire Power Line Systems, a Madison, Wisconsin–headquartered leader in transmission-line engineering software, from private equity firm TA Associates for approximately $700 million. The acquisition expands Bentley's grid integration and digital twin offerings by adding transmission-grade PLS products to its portfolio and will operate within Bentley's new Grid Integration Group upon closing.

Peltram Plumbing Holdings Acquires Power Plumbing from ESOP

August 24, 2021

Construction

Peltram Plumbing Holdings, a portfolio company of Crescendo Capital Partners, acquired Power Plumbing, Inc., a Houston-based plumbing-focused mechanical contractor, in a transaction that closed July 30, 2021. The deal adds Power's Texas multi-family plumbing capabilities to Peltram's national platform and provided liquidity to participants in Power's ESOP.

MYR Group Acquires Powerline Plus Companies

January 4, 2022

Electrical Services

MYR Group Inc., through its Canadian subsidiary MYR Group Construction Canada, Ltd., acquired all issued and outstanding shares of Powerline Plus Ltd. and its affiliate (the "Powerline Plus Companies"). Powerline Plus is a Toronto‑headquartered full‑service electrical distribution construction company with combined average annual revenues of about $80 million; the acquisition expands MYR's transmission & distribution capabilities and geographic reach in Canada.