MKD Electric Acquires Bachelor Controls (Hastings Equity Partners Portfolio Company)

MKD Electric (Hastings Equity) Acquires JSET Automated Technologies & D&L Electric

August 21, 2024

Electrical Services

MKD Electric, a Hastings Equity Partners portfolio company, has acquired JSET Automated Technologies and D&L Electric to expand its capabilities in data center services and broaden geographic penetration across the Southeastern United States. The add-ons reinforce MKD's position as a large nationwide non-union electrical contractor and expand its service offering for industrial, logistics and data center clients.

MKD Electric Acquires Brittain Electric

January 22, 2025

Electrical Services

MKD Electric, a portfolio company of Hastings Equity Partners, has acquired Brittain Electric, a Georgia-based electrical contractor. The add-on expands MKD's footprint in the Southeast and strengthens its capabilities serving federal, commercial, and industrial clients.

MKD Electric (Hastings Equity Partners) Acquires Sea-Tac Electric

April 16, 2025

Construction

MKD Electric, a Hastings Equity Partners portfolio company, has acquired Sea-Tac Electric, a Seattle-based full-service electrical contractor. The add-on expands MKD's physical footprint into the Pacific Northwest and strengthens its capabilities in grocery, manufacturing, retail and healthcare electrical construction.

MKD Electric Acquires Powercor Services

June 8, 2021

Industrial Services

MKD Electric, a PE-backed industrial electrical services platform, has acquired Powercor Services, a Power Design & Control Systems Integrator based in Sterling, Virginia. The deal is an add-on to the MKD platform (backed by Hastings Equity Partners) and aims to expand MKD's turnkey electrical and systems-integration capabilities across data centers, renewables, parcel distribution and industrial end markets.

MKS Instruments Acquires Photon Control

May 10, 2021

Manufacturing

MKS Instruments agreed to acquire Photon Control Inc. in an all-cash transaction valued at approximately CAD$387 million (enterprise value ~CAD$343 million). The acquisition expands MKS's sensing capabilities—adding optical sensors for temperature and position used in semiconductor wafer fabrication—and is expected to be accretive to non-GAAP net earnings within 12 months, with closing expected in Q3 2021 subject to customary approvals.

Hastings Equity Partners Invests in JSET Automated Technologies

January 9, 2024

Electrical Services

Hastings Equity Partners has made a growth investment in JSET Automated Technologies, a Columbus, Ohio–based building automation and electronic engineering services provider focused on data centers. Hastings will support JSET's geographic expansion, labor growth, capability buildout, and pursue add-on acquisitions to scale the business across North America.