Valley Ridge-Led Investor Group Recapitalizes National Power Corporation
July 10, 2019
An investor group led by Valley Ridge Investment Partners, with capital and subordinated debt provided by Tecum Capital Partners and C3 Capital Partners, recapitalized National Power Corporation. Founder and CEO Eddie Youngblood remains with a minority stake; the financing will support hiring, service and product expansion, ERP upgrades and inorganic growth initiatives.
- Buyers
- Valley Ridge Investment Partners, Tecum Capital Partners, C3 Capital Partners
- Targets
- National Power Corporation
- Sellers
- Eddie Youngblood / Existing shareholders
- Industry
- Electrical Services
- Location
- North Carolina, United States
- Transaction Type
- Recapitalization
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