SPATCO Energy Solutions (Kian-backed) Acquires Hobby Electric and UST Services Corporation
September 30, 2024
Kian Capital–backed SPATCO Energy Solutions completed add-on acquisitions of Hobby Electric (Benton, Arkansas) and UST Services Corporation (Owings, Maryland), expanding the platform's electrical, EV infrastructure, and environmental/tank services capabilities. The transactions deepen SPATCO's Midwest and Mid-Atlantic presence, add specialized electricians and environmental/compliance capabilities, and support the company's strategy of growing a full-suite fueling and EV services platform.
- Buyers
- SPATCO Energy Solutions, Kian Capital
- Targets
- Hobby Electric, UST Services Corporation
- Platforms
- SPATCO Energy Solutions
- Industry
- Environmental Services
- Location
- United States
- Transaction Type
- Addon
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