Electrical Services Acquisitions in 2024

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

ABB has agreed to acquire SEAM Group, a provider of energized asset management and advisory services, to broaden its Electrification Service offering. The deal — expected to close in Q3 2024 subject to regulatory approvals — will extend ABB’s low- and medium-voltage services and field service coverage across North America; financial terms were not disclosed.

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.

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.

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.

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.