Electrical contractor M&A tracker

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.

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

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

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

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.

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.

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.