Chicago Switchboard Acquires IER Electrical Equipment and Controls

Chicago Switchboard Acquires CES Industrial, LLC

June 12, 2023

Industrial Services

Chicago Switchboard, Inc. has acquired CES Industrial, LLC in a transaction advised by FOCUS Investment Banking. The acquisition expands Chicago Switchboard's product offerings across low- to high-voltage equipment and extends both companies' geographic reach to better serve process, packaging and OEM customers; CES owners Steve Wookey and John Silva selected Chicago Switchboard as the buyer.

Gemspring Capital Acquires Majority Stake in JTI Electrical & Instrumentation

January 3, 2022

Industrial Services

Gemspring Capital Management affiliate has acquired a majority interest in JTI Electrical & Instrumentation, a Bakersfield, California-based provider of electrical, mechanical, and automation services to industrial processing facilities. The founder-led management team will remain in place and retain an ownership stake as Gemspring plans to support growth through capability expansion, geographic penetration, and strategic acquisitions.

Gemspring Capital Sells Minority Stake in Sparkstone Electrical Group

June 17, 2024

Manufacturing

Gemspring Capital has completed the sale of its strategic minority investment in Sparkstone Electrical Group, a U.S.-based provider of power distribution products and services. Gemspring originally invested in January 2023 to support Sparkstone’s acquisition of IER Electric and to fund growth initiatives; the buyer was not disclosed in the announcement.

EIS Acquires Power Grid Supply

November 2, 2023

Industrial Services

EIS, a North American specialty distributor of electrical process materials, has acquired Power Grid Supply, a supplier of transformer parts and components. The acquisition expands EIS's product portfolio and aftermarket capabilities for transformer OEMs, remanufacturers, field service contractors, and utilities, and will support geographic expansion across North America.

Bailey International Acquires Industrial Electronic Controls (IEC)

April 11, 2023

Manufacturing

Bailey International, backed by EBSCO Capital, has acquired Industrial Electronic Controls (IEC) to expand its electronics product portfolio and engineering capabilities in electronic throttles, displays, and sensors. The deal strengthens Bailey’s ability to serve OEM customers across agriculture, construction, forestry and transportation with more integrated mobile and industrial electronic control solutions.

Loenbro LLC Acquires Switch Electric Inc.

October 25, 2021

Industrial Services

Loenbro LLC, a Tailwind Capital-backed industrial services platform, has acquired Switch Electric Inc., a Phoenix-based electrical contractor specializing in mission-critical data center construction and maintenance. Switch Electric's founder and CEO John Fleury will remain as president of the Switch Electric subsidiary to lead data center contracting operations nationally; the deal is an add-on acquisition to Loenbro's platform to expand data center electrical capabilities and geographic coverage.