Paceline Affiliate Invests $40M in Kassel Mechanical to Support Acquisition of Arrow Electric
April 10, 2025
An affiliate of Paceline Equity Partners provided a $40 million preferred equity investment in Kassel Mechanical as part of a broader recapitalization to support Kassel's add-on acquisition of Arrow Electric. Kassel, a Columbus, Ohio-based MEPF contractor, will use the capital to fund growth and the purchase of Greenville, Pennsylvania-based electrical contractor Arrow Electric.
- Buyers
- Paceline Equity Partners (affiliate), Kassel Mechanical Holdings, LLC
- Targets
- Arrow Electric, Inc.
- Platforms
- Kassel Mechanical Holdings, LLC
- Industry
- HVAC & Mechanical
- Location
- Pennsylvania, United States
- Transaction Type
- Recapitalization
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