CET Energy Solutions Acquires JDL Electric Company

CET Energy Solutions Acquires Vanguard Building Solutions

October 30, 2026

HVAC & Mechanical

CET Energy Solutions completed its acquisition of Vanguard Building Solutions, a Cherry Hill, New Jersey-based provider of building energy efficiency services. Vanguard’s capabilities include energy audits, HVAC upgrades, lighting, building controls, solar projects, and financing solutions; the company will transition to the CET Energy Solutions brand.

CET Energy Solutions Acquires New Horizons Technologies

October 30, 2026

Electrical Services

CET Energy Solutions completed its acquisition of New Horizons Technologies, a Sterling, Massachusetts-based provider of integrated technology solutions, electrical construction, and field services. The business will begin operating as Commonwealth Electrical Technologies, adding technical expertise and service capacity to CET’s platform.

CET Energy Solutions Acquires Direct Electric Services

October 30, 2026

Electrical Services

CET Energy Solutions completed its acquisition of Direct Electric Services, a Mount Airy, Maryland-based electrical contractor serving commercial and institutional customers across the Mid-Atlantic. The acquisition adds contracting capabilities and customer relationships to CET’s electrical and energy services platform.

Allied Industrial Partners Invests in JCL Energy

October 15, 2024

Industrial Services

Allied Industrial Partners, a Houston-based lower-middle market private equity firm, has made a strategic growth investment in JCL Energy, a Sharon, Pennsylvania-based distributor, renter, and service provider of pad-mounted and substation transformers. The founding team led by CEO Jim Landino will retain meaningful ownership; Allied plans to provide growth capital to expand operations, pursue add-on acquisitions, and accelerate geographic coverage across the U.S. (terms not disclosed).

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.

Eaglestone (Aterian) Acquires Commonwealth Electrical Technologies

February 3, 2022

Electrical Services

Eaglestone, LLC, a portfolio company of Aterian Investment Partners, has acquired Commonwealth Electrical Technologies (CET) of Worcester, Massachusetts. Capstone Partners advised CET on the transaction; terms were not disclosed. The acquisition expands Eaglestone's MEP capabilities and Northeast commercial relationships, adding CET's expertise in electrical contracting, solar, energy-efficiency and EV charging services.