Electric Equipment & Engineering Co. Acquired by HKW
Deal News | Jul 03, 2025 | Hammond Kennedy Whitney & Co I
Hammond Kennedy Whitney & Co. (HKW) has acquired Electric Equipment & Engineering Co. (EEE), a manufacturer of engineered electrical power products. EEE focuses on industries such as power, telecommunications, and broadband with products crucial for backup power systems. The acquisition aligns with HKW's strategy to invest in manufacturers of engineered products. EEE CEO James Raymond expects the company's growth to be bolstered by HKW's strategic resources and expertise. Partner Laurence Lederer from HKW expressed excitement for the partnership and growth opportunities with EEE. Financial terms were not disclosed. Taft Stettinius & Hollister LLP were legal advisors to HKW, while Class VI Partners advised EEE. Financing was provided by Barings and Siguler Guff.
Sectors
- Private Equity
- Electrical Equipment Manufacturing
- Asset Management
Geography
- United States – Both the acquirer, HKW, and the target company, EEE, operate within the US, highlighting the geographical context of the transaction.
- Canada – HKW, as an investing firm, targets companies in both the US and Canada, indicating its geographical investment scope.
Industry
- Private Equity – The acquisition of EEE by HKW represents activities typical of middle-market private equity firms focused on growth and manufacturing sectors.
- Electrical Equipment Manufacturing – EEE specializes in the manufacturing of electrical power products vital for sectors like telecommunications and utilities, emphasizing its role within electrical equipment manufacturing.
- Asset Management – Barings and Siguler Guff, being asset management firms providing financing for the deal, showcase the industry's engagement in supporting private equity transactions.
Financials
- Not Disclosed – The financial terms of the acquisition between HKW and EEE were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Electric Equipment & Engineering Co. | Target Company | Company | A manufacturer of customized electrical power products for sectors like telecommunications and utilities, with a rich history dating back to 1922. |
| Hammond Kennedy Whitney & Co. | Bidding Company | PE Firm | A middle-market private equity firm investing in US and Canadian companies, focusing on manufacturing and business services sectors. |
| Taft Stettinius & Hollister LLP | Legal Advisor | Company | Provided legal advisory services to HKW for its acquisition of EEE. |
| Class VI Partners | Financial Advisor | Company | Provided financial advisory services to EEE during the transaction. |
| Barings | Financing | Company | A global asset management firm that supported the transaction with flexible financing solutions. |
| Siguler Guff | Financing | Company | An investment firm providing opportunistic financing solutions, supporting the transaction. |