Tracked deals
38
38 tracked deals across 2024.
Electrical Services Acquisitions in 2024
Buyer mix
Mixed buyer set
36 strategic · 19 pe
Top trend
Volume peaked in 2024
38 tracked deals announced in 2024.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Sciens Building Solutions | 4 | Fire and life safety company offering design, installatio... | Strategic (PE-backed) |
| Pye-Barker Fire & Safety | 3 | Nationwide fire protection, life-safety and security syst... | Strategic (PE-backed) |
| The Carlyle Group | 3 | Global alternative asset manager and private equity firm ... | PE |
| Hastings Equity Partners | 2 | Lower middle-market private equity firm providing first i... | PE |
| Investcorp | 2 | Global alternative investment manager investing across pr... | PE |
| RESA Power, LLC | 2 | National provider of mission-critical electrical power sy... | Strategic (PE-backed) |
| SFP Holding, Inc. (Summit Companies) | 2 | Holding/parent company for Summit Companies and affiliate... | Strategic |
| Summit Fire & Security LLC | 2 | Provider of fire protection, security and life-safety sol... | Strategic |
| APIC Solutions (APIC Solutions Holdings, LLC) | 1 | Master systems integrator providing low-voltage infrastru... | Strategic (PE-backed) |
| Absolute Systems LLC | 1 | Provides residential and commercial security solutions ac... | Strategic |
Acquisition Volume in Electrical Services in 2024 by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 16, 2024
- Buyer
- Sciens Building Solutions
- Target
- J.W. Dielmann, Inc.
- Industry
- Electrical Services
- Location
- Texas, United States
- Type
- Addon
Sciens Building Solutions, a Carlyle-backed fire and life safety platform based in San Francisco, has acquired Bulverde- (San Antonio-) based J.W. Dielmann, a commercial fire-life safety services company founded in 1995. The add-on expands Sciens' presence in south Texas and will integrate J.W. Dielmann's capabilities with Sciens' San Antonio operations to deepen service offerings and resources for local customers.
-
December 4, 2024
- Buyer
- Ash & Co, Tamarix Capital Partners
- Target
- Birkel Electric
- Industry
- Electrical Services
- Location
- Missouri, United States
- Type
- Buyout
Ash & Co acquired Birkel Electric, a Chesterfield, Missouri-based electrical contracting firm founded in 1967. The transaction was supported by capital provider Tamarix Capital Partners and advised by Madison Street Capital; financial terms were not disclosed.
-
November 1, 2024
- Buyer
- Pye-Barker Fire & Safety
- Target
- Systems Design Group
- Seller
- Robert Shore (owner / President & CEO)
- Industry
- Electrical Services
- Location
- New Jersey, United States
- Type
- Buyout
Pye-Barker Fire & Safety has acquired Systems Design Group (SDG), a Flemington, New Jersey-based provider of fire detection, security alarms, access control and 24/7 monitoring services. The purchase expands Pye-Barker’s coverage and capabilities in the tri-state region, allowing the combined company to better serve commercial and industrial customers in New Jersey and surrounding areas.
-
November 1, 2024
- Buyer
- L&S Mechanical
- Target
- Quality Electric of the Coastal Carolinas
- Seller
- Chad Sanders (owner of QECC)
- Industry
- Electrical Services
- Location
- South Carolina, United States
- Type
- Buyout
L&S Mechanical acquired Quality Electric of the Coastal Carolinas (QECC) in a deal that closed November 1, 2024. Founders Advisors advised QECC; the acquisition expands L&S's geographic footprint beyond Texas and adds electrical capabilities to its tri‑trade offering, while QECC owner Chad Sanders reinvested in the combined business.
-
October 30, 2024
- Buyer
- Absolute Systems LLC, Alarm Financial Services (AFS)
- Target
- Eclipse Integration, LLC
- Industry
- Electrical Services
- Location
- Missouri, United States
- Type
- Buyout
Absolute Systems LLC acquired Eclipse Integration, LLC of Peculiar, Missouri, with financing provided by Alarm Financial Services (AFS). The acquisition expands Absolute's commercial account base and strengthens its presence in the Kansas City metropolitan market.
-
October 27, 2024
- Buyer
- Lark Electric
- Target
- May Electric
- Industry
- Electrical Services
- Location
- Kentucky, United States
- Type
- Buyout
Lark Electric has acquired May Electric, two long-standing Owensboro electrical contractors, to combine Lark's commercial and residential expertise with May's industrial electrical and controls capabilities. The deal includes creating a downtown training center in partnership with Owensboro Community & Technical College to accelerate electrician apprenticeship and workforce development.
-
October 23, 2024
- Buyer
- Canter Power Systems, Rotunda Capital Partners
- Target
- Grasten Power Technologies
- Seller
- Josh Keller
- Industry
- Electrical Services
- Location
- Texas, United States
- Type
- Addon
Canter Power Systems, a Generac Power Premier Pro dealer backed by Rotunda Capital Partners, has acquired Grasten Power Technologies, a Houston-area installer and service provider of residential standby generators. The add-on expands Canter's presence in Texas, adds thousands of service/maintenance contracts, and supports the platform's national growth strategy.
-
October 22, 2024
- Buyer
- Beacon Communications
- Target
- Thompson Engineering (Thompson Systems)
- Seller
- Adam Thompson / Thompson family (owners of Thompson Engineering)
- Industry
- Electrical Services
- Location
- California, United States
- Type
- Buyout
Beacon Communications, a national critical communications and life-safety systems provider based in Littleton, Colorado, acquired Southern California–based Thompson Engineering effective October 22, 2024. The acquisition expands Beacon's presence and capabilities in healthcare, education, government and energy facilities across Southern California and transitions Thompson from a 53-year family-owned business as CEO Adam Thompson retires.
-
- Buyer
- Sciens Building Solutions, The Carlyle Group
- Target
- Educational Electronics
- Industry
- Electrical Services
- Location
- Louisiana, United States
- Type
- Addon
Sciens Building Solutions, a Carlyle-backed fire and life safety platform, has acquired Educational Electronics, a New Orleans-area fire alarm and security systems provider with locations in Harahan and Abita Springs, Louisiana. The deal expands Sciens' geographic footprint into the New Orleans market and brings the platform's service suite and capabilities to local education, multi-family, healthcare, commercial and government customers.
-
October 15, 2024
- Buyer
- RESA Power, LLC, Investcorp
- Target
- Prime Engineering Ltd.
- Industry
- Electrical Services
- Location
- British Columbia, Canada
- Type
- Addon
RESA Power, a portfolio company of Investcorp, has acquired Prime Engineering Ltd., a Victoria, British Columbia-based electrical design, engineering, supply and field services firm specializing in medium-voltage power and control systems. The acquisition expands RESA Power's medium-voltage engineering and supply capabilities and accelerates its ability to serve customers across Canada and the United States as an add-on to its existing platform.
-
October 15, 2024
- Buyer
- PennSpring Capital
- Target
- Refresh LED
- Industry
- Electrical Services
- Location
- Pennsylvania, United States
- Type
- Buyout
PennSpring Capital has completed a majority acquisition of Refresh LED, a Mechanicsburg, Pennsylvania-based provider of LED video walls and displays serving houses of worship, universities and commercial clients. Refresh LED founder and CEO Josh Dominguez retains material ownership and will continue to lead the business while PennSpring plans to invest in sales and expand the company's end markets, including education.
-
October 7, 2024
- Buyer
- Wacona Capital, Brightwood Capital Advisors, LLC
- Target
- Mid-Atlantic Power Specialists, Inc.
- Industry
- Electrical Services
- Location
- Virginia, United States
- Type
- Buyout
Wacona Capital has acquired Mid-Atlantic Power Specialists, Inc. (MAPS), a specialty electrical services provider focused on data center customers in the greater Washington, D.C. / Northern Virginia market. Brightwood Capital partnered with Wacona to provide financing and will have a board representative to support MAPS' next phase of growth; Quantive Advisors served as exclusive financial advisor to MAPS.
-
September 9, 2024
- Buyer
- Convergint
- Target
- Esscoe
- Industry
- Electrical Services
- Location
- Illinois, United States
- Type
- Buyout
Convergint has acquired Esscoe, a Lake Zurich, Illinois-based provider of security, fire and life safety, and mass notification systems. The acquisition adds more than 80 colleagues and expands Convergint’s service capabilities and market presence across the Chicago and Midwestern U.S., strengthening capabilities across verticals including financial, utilities, government, healthcare, and data centers.
-
September 4, 2024
- Buyer
- Cape Electrical Supply, Graybar
- Target
- Power Supply Company, LLC
- Seller
- John Kosky, Rob Jenkins
- Industry
- Electrical Services
- Location
- Tennessee, United States
- Type
- Buyout
Cape Electrical Supply, a subsidiary of Graybar, has acquired Power Supply Company, LLC, an electric utility distributor based in Chattanooga, Tennessee. The business will operate as a division of Cape Electrical Supply, with existing employees and supplier relationships retained, expanding Cape Electric's presence into the Tennessee market.
-
- Buyer
- MKD Electric, LLC, Hastings Equity Partners
- Target
- JSET Automated Technologies, D&L Electric, Inc
- Industry
- Electrical Services
- Location
- United States
- Type
- Addon
MKD Electric, a Hastings Equity Partners portfolio company, has acquired JSET Automated Technologies and D&L Electric to expand its capabilities in data center services and broaden geographic penetration across the Southeastern United States. The add-ons reinforce MKD's position as a large nationwide non-union electrical contractor and expand its service offering for industrial, logistics and data center clients.
-
August 15, 2024
- Buyer
- Concentric, LLC
- Target
- Communication Power Solutions, Inc.
- Industry
- Electrical Services
- Location
- Arizona, United States
- Type
- Buyout
Concentric, LLC has acquired Communication Power Solutions (CPS), a Southwest U.S. provider of DC power design, installation and maintenance for communications and data center customers. The deal expands Concentric’s footprint in the Southwest and strengthens its engineered DC power capabilities by integrating CPS’s technicians and design team.
-
August 13, 2024
- Buyer
- Cook & Boardman Group LLC, Platinum Equity, Littlejohn & Co., LLC
- Target
- Brymer Communication Services, LLC (dba BryComm)
- Seller
- Cory Brymer
- Industry
- Electrical Services
- Location
- Texas, United States
- Type
- Addon
The Cook & Boardman Group LLC has acquired Brymer Communication Services, LLC (dba BryComm), a Hutto, Texas-based provider of design, installation and maintenance for infrastructure networks. Terms were not disclosed; BryComm will continue operating under its name and the deal represents Cook & Boardman's seventh acquisition under majority owner Platinum Equity.
-
- Buyer
- RESA Power, LLC
- Target
- Power Technical Services, Inc.
- Seller
- Kevin Rolley (owner and President)
- Industry
- Electrical Services
- Location
- Illinois, United States
- Type
- Addon
RESA Power, a portfolio company of Investcorp, has acquired Power Technical Services, Inc. (PTS), a Downers Grove, Illinois-based electrical testing and commissioning firm. The deal is an add-on to RESA Power’s platform that gives the company an immediate foothold in the greater Chicago area and expands its utility and industrial service capabilities.
-
July 24, 2024
- Buyer
- Summit Fire & Security LLC, SFP Holding, Inc. (Summit Companies)
- Target
- 1st Fire & Security, Inc.
- Seller
- Lena Andrews, Bill Andrews
- Industry
- Electrical Services
- Location
- Florida, United States
- Type
- Buyout
Summit Fire & Security LLC, a subsidiary of SFP Holding, Inc. (Summit Companies), acquired 1st Fire & Security, Inc., effective July 24, 2024. The deal establishes a new Vero Beach branch and combines capabilities to broaden fire protection, life-safety and security service offerings across South Florida while retaining the existing 1st Fire & Security team.
-
July 23, 2024
- Buyer
- Sciens Building Solutions, The Carlyle Group
- Target
- Standard Electronics
- Seller
- John Mongillo, Brent Dusenberry
- Industry
- Electrical Services
- Location
- California, United States
- Type
- Addon
Sciens Building Solutions, a Carlyle-backed fire and life safety platform, has acquired El Cajon, California-based Standard Electronics, a provider of fire alarm and low-voltage systems serving the greater San Diego area. The add-on expands Sciens' Southern California footprint and brings additional expertise serving K-12 schools, government and other commercial verticals.
-
- Buyer
- Sciens Building Solutions, The Carlyle Group
- Target
- Low Voltage Integrated Systems (LVIS)
- Industry
- Electrical Services
- Location
- California, United States
- Type
- Addon
Sciens Building Solutions, the Carlyle-backed fire and life safety platform, has acquired Vista, California-based Low Voltage Integrated Systems (LVIS) and added it to the Sciens platform as a Southern California expansion. The add-on will expand Sciens' regional capabilities in fire, life-safety and low-voltage security systems while giving LVIS access to the platform's broader resources and capital.
-
- Buyer
- APIC Solutions (APIC Solutions Holdings, LLC), Tower Arch Capital
- Target
- Corporate Technology Solutions, LLC (CTS)
- Industry
- Electrical Services
- Location
- Arizona, United States
- Type
- Addon
APIC Solutions (a Tower Arch Capital portfolio company) has invested in and partnered with Corporate Technology Solutions (CTS), a Phoenix-based integrator of security, audio/visual and low-voltage infrastructure. The add-on expands APIC's technical capabilities and Arizona presence while bringing CTS into APIC's Southwest master systems integration platform; terms were not disclosed.
-
June 26, 2024
- Buyer
- Pye-Barker Fire & Safety
- Target
- AlarmTech Inc.
- Industry
- Electrical Services
- Location
- Washington, United States
- Type
- Addon
Pye-Barker Fire & Safety has acquired AlarmTech Inc., a Mountlake Terrace, Washington provider of security systems, fire alarm systems, access control and CCTV, to expand its integrated life safety and security presence in the Seattle area. AlarmTech's local team will continue to serve customers while gaining access to Pye-Barker's broader resources, including fire protection services and compliance capabilities.
-
June 19, 2024
- Buyer
- Pavion Corp., Wind Point Partners
- Target
- Signet
- Industry
- Electrical Services
- Location
- Massachusetts, United States
- Type
- Addon
Pavion Corp., a PE-backed provider of fire, safety, security and critical communications integration, has acquired Norwell, Massachusetts–based Signet, a 50-year systems integrator serving healthcare, transportation and government customers. The add-on expands Pavion's New England footprint and enhances its healthcare critical communications, security and audiovisual capabilities.
-
June 13, 2024
- Buyer
- BDC Capital, Investor group led by George Fechter, BCES Global
- Target
- Kroon Electric Corp., Bopat Electric Co., Inc., Transworld, Inc., Sabino Electric, Inc.
- Seller
- Vendors / selling shareholders (leadership teams of the acquired businesses)
- Industry
- Electrical Services
- Location
- Ontario, Canada
- Type
- Growth capital
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.
-
- Buyer
- Alpine Power Systems
- Target
- DC Power Systems, Inc.
- Seller
- DC Power Systems, Inc.
- Industry
- Electrical Services
- Location
- North Carolina, United States
- Type
- Buyout
Alpine Power Systems has acquired selected assets of DC Power Systems, Inc., a long‑standing provider of critical power products and services in the Southeast U.S. The deal expands Alpine's critical power capabilities and strengthens its presence in the Southeast.
-
May 7, 2024
- Buyer
- Rexel
- Target
- Talley
- Industry
- Electrical Services
- Location
- California, United States
- Type
- Buyout
Rexel has agreed to acquire Talley, a U.S. distributor of wireless infrastructure products and solutions, to strengthen its data communications and datacenter offering in North America. Talley, founded in 1983 and headquartered in Santa Fe Springs/Los Angeles, will contribute roughly $360m of 2024 revenue, operates 11 warehouses with 300+ employees, and the deal is expected to close in June subject to U.S. antitrust approval.
-
April 30, 2024
- Buyer
- Pye-Barker Fire & Safety
- Target
- Alarm Specialists Inc.
- Seller
- Gary Davis (Owner and President)
- Industry
- Electrical Services
- Location
- New York, United States
- Type
- Addon
Pye-Barker Fire & Safety has acquired Alarm Specialists Inc., a White Plains, New York-based provider of security and fire alarm systems serving the New York–Connecticut–New Jersey metro area. The acquisition expands Pye-Barker’s life-safety and security footprint in the NYC metro and adds Alarm Specialists’ capabilities in fire detection, access control, video surveillance and 24-hour monitoring to Pye-Barker’s nationwide platform.
-
April 11, 2024
- Buyer
- Criticore, Huron Capital
- Target
- Jenco Inc.
- Industry
- Electrical Services
- Location
- Arizona, United States
- Type
- Addon
Huron Capital’s portfolio company Criticore has acquired Scottsdale-based electrical contractor Jenco Inc., marking Criticore’s second add-on following its 2023 investment in RK Electric. The acquisition expands Criticore’s geographic footprint into the Phoenix/Scottsdale market and broadens its mission-critical commercial electrical services capabilities across end markets such as semiconductor, data centers, biotech, and healthcare; Jenco founder Kelly Anderson will remain as President of Jenco.
-
April 10, 2024
- Buyer
- BearCom
- Target
- The Surveillance Shop
- Industry
- Electrical Services
- Location
- Alberta, Canada
- Type
- Buyout
BearCom has acquired The Surveillance Shop (TSS), a Calgary-based commercial security integrator founded in 1999; terms were not disclosed. The acquisition expands BearCom's video security, access control and wireless capabilities and increases its presence in Canada; BearCom completed this as its first acquisition following Siris' investment in December 2023.
-
- Buyer
- RESA Power, Investcorp
- Target
- Mountain States Transformer Service, Inc.
- Seller
- Kim Ueda (owner of Mountain States Transformer Service, Inc.)
- Industry
- Electrical Services
- Location
- Idaho, United States
- Type
- Addon
RESA Power, a portfolio company of Investcorp, has acquired Mountain States Transformer Service, Inc. (MSTS), a Pocatello, Idaho-based provider of transformer maintenance, oil processing, testing and repair. The deal expands RESA Power's transformer services capabilities, increases its oil-processing rig fleet and provides a base for geographic expansion into the Pacific Northwest.
-
April 9, 2024
- Buyer
- Summit Fire & Security LLC, SFP Holding, Inc. (Summit Companies)
- Target
- Island Fire and Safety Equipment, Inc. d/b/a A-1 Fire Equipment Co.
- Industry
- Electrical Services
- Location
- Texas, United States
- Type
- Addon
Summit Fire & Security LLC, a subsidiary of SFP Holding, Inc., has acquired Island Fire and Safety Equipment, Inc. d/b/a A-1 Fire Equipment Co., effective April 9, 2024. The acquisition expands Summit’s presence in South Texas — customers will continue to be served from the Galveston/La Marque location while gaining access to Summit’s broader fire, life-safety and security offerings.
-
April 4, 2024
- Buyer
- Evolution Strategy Partners
- Target
- Amped Electric
- Industry
- Electrical Services
- Location
- South Carolina, United States
- Type
- Buyout
Evolution Strategy Partners, a private equity firm based in Austin, acquired Amped Electric, an electrical service contractor serving Greater Charleston and Myrtle Beach, South Carolina. Amped will operate as an independent portfolio company under Evolution as the firm looks to expand its infrastructure platform and establish a Southeast U.S. presence.
-
March 18, 2024
- Buyer
- Daisy Company
- Target
- Digital Homes Corp.
- Industry
- Electrical Services
- Location
- Florida, United States
- Type
- Growth capital
Daisy Company has completed a partial acquisition of Sarasota-based systems integrator Digital Homes Corp., closing on March 18, 2024. The deal expands Daisy’s national footprint in home and commercial technology installation and service by bringing Digital Homes into its network.
-
February 7, 2024
- Buyer
- Everon (ADT Commercial)
- Target
- Riverside Integrated Systems, Inc.
- Seller
- Tom Kramer (President/Owner)
- Industry
- Electrical Services
- Location
- Michigan, United States
- Type
- Addon
Everon (formerly ADT Commercial) has acquired Riverside Integrated Systems, Inc., a Grand Rapids, Michigan-based security, fire and life-safety systems integrator. The add-on purchase expands Everon's geographic and service coverage in the Midwest and strengthens its fire and life-safety capabilities within its growing national platform.
-
January 23, 2024
- Buyer
- PirTano Construction, Rising Point Capital
- Target
- Powerlink Electric, Inc.
- Seller
- Doug Pantle, Steve Lipinski
- Industry
- Electrical Services
- Location
- Illinois, United States
- Type
- Addon
PirTano Construction, a portfolio company of Rising Point Capital, has acquired Powerlink Electric, Inc., a full-service electrical and telecommunications contractor based in Vernon Hills, Illinois. The deal closed on November 17, 2023; Powerlink will operate as a new electrical division of PirTano and continue under current leadership.
-
January 12, 2024
- Buyer
- PrevTech Innovations
- Target
- Agrivolt
- Industry
- Electrical Services
- Location
- Quebec, Canada
- Type
- Buyout
PrevTech Innovations has acquired Agrivolt, combining PrevTech’s electrical safety monitoring capabilities with Agrivolt’s stray-voltage detection and mitigation products to offer integrated electrical-safety solutions for the agricultural sector. The deal brings together complementary technologies and expertise to improve prevention, animal welfare, and electrical network resilience on farms across North America.
-
January 9, 2024
- Buyer
- Hastings Equity Partners
- Target
- JSET Automated Technologies
- Industry
- Electrical Services
- Location
- Ohio, United States
- Type
- Growth capital
Hastings Equity Partners has made a growth investment in JSET Automated Technologies, a Columbus, Ohio–based building automation and electronic engineering services provider focused on data centers. Hastings will support JSET's geographic expansion, labor growth, capability buildout, and pursue add-on acquisitions to scale the business across North America.
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