Electrical Services Acquisitions in 2026

ASSA ABLOY has acquired NSP Security, a UK provider of electronic access control design, manufacturing and installation focused on student accommodation. NSP (founded 1993, ~20 employees, Borehamwood, Hertfordshire) will be integrated into ASSA ABLOY's Global Solutions business area within Hospitality to expand access control capabilities and be accretive to earnings.

Elevate Service Group Inc. (TSXV: SERV) completed the acquisition of Charged Electric Services Ltd., an Ontario-based electrical contractor headquartered in New Hamburg. The deal (CAD 1.5 million consideration: CAD 1.2M in Elevate shares and CAD 300k cash) adds a skilled ten-person electrical workforce, recurring commercial and industrial customers (notably in food processing and manufacturing), and accelerates technician internalization for Elevate’s facilities services platform.

Platte River Equity, a Denver-based private equity firm, has acquired Team UIS in partnership with the company's existing owners. Team UIS, founded in 1976, provides electrical testing, maintenance, SCADA and related field services to utilities, industrial, data center and infrastructure customers; Platte River said it will help scale the platform, expand capabilities and invest in training and operations.

Truelink Capital has acquired a majority stake in Prime Electric from WestView Capital Partners; financial terms were not disclosed. Prime Electric, founded in 1987 and headquartered in Bellevue, Washington, is a leading West Coast electrical contractor serving data center, technology, healthcare, commercial and industrial clients. The deal positions Prime for continued regional expansion and capability growth under Truelink's ownership while WestView remains involved.

Concentric has acquired Atlanta-based Critical Components Inc. (CCI) to expand its critical power and precision cooling capabilities and broaden its service footprint for data centers, industrial, and healthcare customers across the U.S. Financial terms were not disclosed; CCI's leadership will take a leadership role within the combined organization to help deliver integrated design, build, and ongoing service for critical power and cooling systems.

Impact Fire has acquired High Tech Solutions - Systems Group, a Billings, Montana-based provider of fire alarm, security, access control and low-voltage systems, establishing Impact Fire's presence in Montana. The deal brings High Tech Solutions' installation, inspection, maintenance and monitoring capabilities and its team to Impact Fire; owners Mike Ard and Justin Becker supported the partnership.