The State Group Acquires Ruder Electric

The State Group Acquires Mel-Kay Electric Co. (MelKay)

September 8, 2026

Electrical Services

The State Group acquired Mel-Kay Electric Co. (MelKay), an Evansville-based MEP contractor with more than 400 union tradespeople serving industrial and commercial customers across southern Indiana, western Kentucky and southern Illinois. The acquisition adds regional labor capacity and electrical, mechanical, plumbing and related services to Apollo-backed The State Group’s North American contracting platform; terms were not disclosed.

Ruder Finn Acquires The Equity Group Investor Relations Firm

March 23, 2026

Marketing & Advertising

Ruder Finn has acquired The Equity Group, a New York-based investor relations agency, to expand its investor communications capabilities. The combined offering is designed to integrate The Equity Group’s long-standing investor and analyst relationships with Ruder Finn’s data analytics and AI-driven communications tools.

The State Group Acquires J&J Electric of Indiana

December 22, 2025

Construction

The State Group, a portfolio company of funds managed by Apollo, has acquired Kokomo-based electrical contractor J&J Electric of Indiana, expanding its footprint in Central and Northern Indiana. J&J Electric brings over 200 union electricians and capabilities in electrical construction, maintenance, fire, security, communications, utility and safety systems to The State Group's multi-trade platform.

The E-J Group Acquires State Electric Corporation

November 22, 2024

Construction

The E-J Group has acquired State Electric Corporation, a Bedford, Massachusetts-based full-service electrical contractor. State Electric will retain its name and leadership and will join E-J to strengthen the buyer's Northeast presence and expand capabilities in healthcare, life sciences, power, transportation and renewable energy projects.

Apollo Funds Acquire Majority Stake in The State Group

November 18, 2024

Industrial Services

Funds managed by Apollo's Impact and Clean Transition strategies have acquired a majority stake in The State Group from Blue Wolf Capital, with Blue Wolf and existing management retaining minority ownership. The State Group, headquartered in Franklin, Tennessee, is a multi‑trade industrial services contractor providing electrical, mechanical, robotics and automation services across industrial end markets; Apollo said the investment will support capability expansion and the company's role in the energy transition.

The State Group Acquires Delta Services

October 21, 2019

Construction

The State Group (State Group Industrial (USA) Limited) has acquired Delta Services LLC, a Louisville-based electrical contractor that serves industrial and commercial customers across Kentucky and Southern Indiana. The deal expands The State Group’s footprint and service capabilities in the region, adding Delta’s electrical construction, maintenance, fire/security and communications services to its multi-trade platform.