Madeira Partners served as the exclusive investment banking advisor to Preferred Electric, Inc its sale to Horwitz, a portfolio company of Svoboda Capital Partners, LLC . Congratulations to Clint Kruger, Ed Belland, and?Zack Blake on the outcome and on the next chapter of the business in partnership with Horwitz building an industry leader. Founded in 2008 by Clint Kruger Preferred Electric is a commercial electrical contractor with a legacy dating back to 1927 through the acquisition of Commercial Electric Company of the Twin Cities.?Preferred Electric serves?the commercial, healthcare, and industrial markets with high-quality, client-centric service with notable clients including the VA Hospital, a major semiconductor fabrication company, and several printing press firms. For Preferred Electric’s clients, this acquisition offers expanded support, broader service capabilities, and access to Horwitz’s full suite of specialty services. As a Horwitz company, Preferred Electric will leverage new resources to scale its operations, providing best-in-class service with an even stronger capacity for innovative, client-focused solutions. Founded in 1918, Horwitz is a Midwest-based mechanical, electrical, and plumbing (MEP) specialty contractor.?Horwitz leverages deep technical expertise and a collaborative approach to deliver comprehensive services, including design, fabrication, construction, and maintenance?to commercial and industrial clients including those in critical industries such as data centers, pharmaceutical manufacturing, healthcare, and more. Horwitz is a portfolio company of Svoboda Capital Partners, a Chicago-based private equity firm founded in 1998 that?invests in the business services and value-added distribution sectors.
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Founder, Lontra Ventures - Investing, building and championing startups.
4 个月Congrats