Electrical contractor M&A tracker

Heartwood Partners said Norlee Group completed its eighth add-on, buying IEM Electric, an industrial electrical, controls and automation contractor in Hickory, North Carolina.

Worcester-based Commonwealth Electrical Technologies acquired Horton Electrical Services, a Connecticut electrical and civil contractor with wastewater, solar and civil construction work.

Loenbro acquired Prism Electric, a Texas and Oklahoma electrical contractor with about 2,500 employees, in what it called its largest acquisition; terms were not disclosed.

Norlee Group acquired Ireland Electric Corporation, an Augusta, Georgia commercial and industrial electrical contractor founded in 1957 with about 125 employees; terms were not disclosed.

GreenArrow acquired MSL Electric, an Anaheim electrical contractor performing public works traffic signal, street lighting and airport electrical work in Southern California.

Forward Electric, a Madison, Wisconsin electrical contractor founded in 1979 with 50 employees, joined Waldinger's Madison operations and keeps its brand.

Jacksonville-based Norlee Group announced it acquired Vintage Electric of Gainesville, which will operate under the Norlee Group name.

Veritas Capital agreed to acquire Houston-based Saber Power Services, a power infrastructure services provider for electrical systems, from Greenbelt Capital Management.

MasTec agreed on July 7, 2026 to acquire The Superior Group, an electrical contractor building data center infrastructure, partly paid in MasTec common stock.

GreenArrow acquired HBC Company of Lodi, New Jersey, which provides electrical services for highway and intersection lighting, transportation systems and aviation lighting; terms were not disclosed.

Jacksonville-based Miller Electric agreed to acquire Giles Electric, a Daytona Beach commercial and institutional electrical contractor operating for more than 55 years.

Freestate Electric, a Sojitz subsidiary serving Maryland, Virginia and Washington D.C., acquired Deca, an electrical contractor working in the Baltimore and Washington metro area.

MYR Group agreed to acquire Valley Holdings I, a full-service electrical contractor based in Everett, Washington, for about $328.0 million, subject to adjustments.

Sundt Construction acquired Industrial Power Solutions, a Phoenix industrial electrical contractor focused on water and wastewater treatment facilities, as a wholly owned subsidiary.

Bellevue, Washington-based Prime Electric acquired Scholes Electric, an electrical contractor serving New Jersey and Pennsylvania.

White Mountains Partners said portfolio company Enterprise Solutions acquired Hawkeye Electric, a Chandler, Arizona commercial and institutional electrical contractor founded in 1999.

Quanta Services acquired Davenport-based Tri-City Group, a group of contractors and engineering companies focused on electrical construction, technology and industrial services.

Primoris agreed to acquire St. Louis-based PayneCrest Electric in a $422 million all-cash deal, with PayneCrest to join its Energy segment.

Shermco acquired Power Quality Engineering, a Cedar Park electrical design, commissioning and maintenance firm founded in 1996 that serves data centers and semiconductors.

Century Mechanical Holdings acquired Weston Trawick, a Northern Florida electrical services provider, adding to its mechanical, electrical and plumbing services.

The State Group acquired Ruder Electric, a Kankakee, Illinois electrical contractor with over 100 union electricians serving industrial and commercial customers.

Denver-based Platte River Equity acquired Team UIS, a Michigan provider of electrical testing, maintenance and SCADA field services founded in 1976, alongside its existing owners.

Truelink Capital acquired a majority stake in Bellevue, Washington electrical contractor Prime Electric from WestView Capital Partners, which remains involved.

Bear Castle Capital's Allied Services Group acquired Substations, Inc., a Texas high-voltage substation installation and maintenance contractor, as an add-on.

The State Group, owned by Apollo-managed funds, acquired J&J Electric of Indiana, a Kokomo electrical contractor with over 200 union electricians.

Bear Castle Capital formed Allied Services Group with the acquisition of Colstrip Electrical, a contractor serving Montana, North Dakota, South Dakota and Wyoming.

Dycom agreed to acquire Power Solutions, a data center electrical contractor serving the Washington D.C., Maryland and Virginia area, at a $1.95 billion valuation.

MFG Partners invested in Regency Electric, a Denver-area commercial electrical contractor founded in 1986.

Heartwood-backed Norlee Group acquired Inter-Bay Electric, a Tampa commercial electrical contractor founded in 1979 that serves public-sector clients including military bases and schools.

Comfort Systems reported it acquired Feyen Zylstra, a Grand Rapids electrical contractor with industrial capabilities, on October 1, 2025.

Comfort Systems reported it acquired Meisner Electric, a Boca Raton electrical contractor focused on healthcare, institutional and commercial markets, on October 1, 2025.

Heartwood Partners announced Norlee Group acquired Beaumont Electric, a Naples electrical services firm serving residential and commercial clients; the deal closed September 30, 2025.

GreenArrow acquired Earthbound Electric through its subsidiary Bear Electrical Solutions; Earthbound builds and maintains traffic signals and streetlights in San Luis Obispo and Santa Barbara counties.

Golden Triangle Ventures acquired Texas-based Deep South Electrical Contractors for $4.0 million over a 3-5 year term; Deep South becomes a wholly owned subsidiary.

Waldinger acquired Pro Electric, a commercial and industrial electrical contractor with locations in Kansas City, Kansas and Mt. Vernon, Missouri and about 400 employees.

Stellex-backed ICS Holding acquired Langford Electric, a Greenville, South Carolina electrical contractor, as an add-on; terms were not disclosed.

ArchKey Solutions acquired Orlando Diefenderfer Electrical Contractors of Allentown, Pennsylvania as an add-on in the Lehigh Valley.

GreenArrow, created by CAI Capital Partners, acquired James D. Hinson Electrical Contracting, a Jacksonville builder and maintainer of traffic signals, streetlights and airport lighting.

Blackstone-affiliated funds agreed to buy Irving-based electrical testing, maintenance and repair provider Shermco from Gryphon Investors in a deal valued at about $1.6 billion.

Potawatomi Ventures acquired Lyons Electric, a Delafield, Wisconsin commercial and industrial electrical contractor, placing it in its Emerging Technologies Group.

Loenbro acquired Weifield Group, a Colorado electrical services provider operating in the Mountain West, Texas and Tennessee.

McDonald Electrical Corporation acquired ANJ Electric, a union electrical contractor serving Rhode Island and Connecticut commercial, industrial and utility projects.

Sterling signed a definitive agreement to buy substantially all assets of CEC Facilities Group for $505 million upfront; CEC will join its E-Infrastructure Solutions segment.

Des Moines-based Waldinger acquired Summit Electric, a St. Louis electrical service contractor founded in 2008.

Gemspring-backed AMPAM Parks Mechanical acquired Seal Electric, an electrical contractor for large multifamily residential projects.

Loenbro acquired Stewart Electric, a Nevada electrical services provider primarily serving the data center market; terms were not disclosed.

White Mountains Partners acquired a majority interest in Enterprise Solutions, a Nashville specialty electrical contractor serving healthcare, manufacturing, education and data center customers.

Del-Air acquired Keystone Energy & Power, an Orlando-area electrical contractor for large residential projects, which joins Del-Air's residential new construction division.

ShoreView-backed Oak Electric acquired Great Lakes Electric of Milan, Ohio as an add-on, with Northstar Capital providing financing.

Broad Sky Partners acquired Commonwealth Electrical Technologies, a Worcester electrical contractor and energy solutions provider offering solar, EV charging and efficiency services.

The E-J Group acquired EC Electric, a Portland-based full-service electrical contractor specializing in data centers and chip plants.

Amped Electric announced it acquired LEED Electric, a commercial and industrial electrical contractor in the Charlotte market, marking its entry into North Carolina.

Hastings Equity-backed MKD Electric acquired Brittain Electric, a Georgia electrical contractor serving federal, commercial and industrial clients, as an add-on.

Waldinger acquired Trinity Electric, a Springfield, Missouri electrical service contractor with 12 union electricians.

EMCOR Group agreed to buy Jacksonville-based Miller Electric Co. for $865 million in cash; Miller has 21 branch offices and over 3,500 employees.