ArchKey Solutions Sold to 26North Partners: A One Rock Capital Milestone
Deal News | Nov 04, 2024 | One Rock Capital
One Rock Capital Partners has completed the sale of ArchKey Solutions to 26North Partners, marking the culmination of a strategic partnership aimed at expanding ArchKey's technical service capabilities. ArchKey has evolved from a combination of legacy electrical service firms into a national leader, specializing in complex electrical and building systems across the US. The private equity firm, One Rock, known for its operationally focused investments, has been instrumental in positioning ArchKey for continued growth in the specialty trade installation market. Key financial advisory roles in the transaction were held by Deutsche Bank Securities and RBC Capital Markets, with legal support from Latham & Watkins LLP. This transaction highlights One Rock's strategy of leveraging highly experienced Operating Partners to enhance business value, particularly in select industries requiring complex operational improvements.
Sectors
- Private Equity
- Electrical Services
- Integrated Facilities Services
Geography
- United States – ArchKey Solutions is a national service provider in the United States, offering electrical and facility management solutions across the country.
Industry
- Private Equity – The article describes the activities of One Rock Capital, a private equity firm, in relation to its investment and divestment in ArchKey Solutions.
- Electrical Services – ArchKey Solutions operates within the electrical services industry, focusing on designing, installing, and maintaining complex electrical systems in the US.
- Integrated Facilities Services – ArchKey's ProKey Facilities offers integrated facilities services, positioning it as a player in the facility management sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| One Rock Capital Partners, LLC | Selling Company | Company | A value-oriented, operationally focused private equity firm. |
| ArchKey Solutions | Target Company | Company | A national provider of complex electrical and technical services in the United States. |
| 26North Partners LP | Bidding Company | Company | An investment firm acquiring ArchKey Solutions from One Rock Capital. |
| Deutsche Bank Securities Inc. | Financial Advisor | Company | Served as financial advisor to ArchKey in the transaction. |
| RBC Capital Markets, LLC | Financial Advisor | Company | Served as financial advisor to ArchKey in the transaction. |
| Latham & Watkins LLP | Legal Advisor | Company | Provided legal advisory services to ArchKey for the transaction. |