BDC Capital and Investor Group Back Kroon Electric to Form BCES Global; Platform Acquires Three U.S. Electrical Contractors
June 13, 2024
BDC Capital’s Growth Equity Partners Fund II and an investor group led by George Fechter provided significant growth capital to Kroon Electric Corp., enabling the creation of Canada‑headquartered BCES Global. Concurrent with the investment, BCES Global (with Kroon management) acquired three U.S. electrical services businesses—Bopat Electric Co., Transworld, Inc., and Sabino Electric—to establish a North American consolidation platform focused on recurring preventive electrical maintenance and decarbonization‑related services.
- Buyers
- BDC Capital, Investor group led by George Fechter, BCES Global
- Targets
- Kroon Electric Corp., Bopat Electric Co., Inc., Transworld, Inc., Sabino Electric, Inc.
- Sellers
- Vendors / selling shareholders (leadership teams of the acquired businesses)
- Platforms
- BCES Global
- Industry
- Electrical Services
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
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