MKD Electric Expands Southeast Footprint with Brittain Electric Acquisition

Deal News | Jan 26, 2025 | Hastings Equity Partners LLC

Hastings Equity Partners, a capital partner focusing on lower middle-market businesses, has facilitated the acquisition of Georgia-based Brittain Electric by its portfolio company MKD Electric. This strategic move strengthens MKD's objective to expand both organically and through acquisitions, bolstering its reputation as one of the nation's leading non-union electrical contractors. Brittain Electric, established in 2006, is recognized for its reputable service to federal, commercial, and industrial sectors across the Southeast. The acquisition aligns well with MKD's growth strategy, leveraging Brittain's robust local relationships and expertise to enhance MKD's reach and service offerings. Ed Maslak, CEO of MKD, highlights the integration's role in broadening MKD's market influence, while Hastings' Grant Reckhow notes the accelerated growth trajectory for MKD in the sector.

Sectors

  • Electrical Contracting
  • Private Equity
  • Construction

Geography

  • United States – Both MKD Electric and Brittain Electric operate within the United States, with an emphasis on expanding services in the Southeast region.
  • Georgia – Brittain Electric is based in Georgia, highlighting the regional focus of the acquisition.

Industry

  • Electrical Contracting – The acquisition involves companies specializing in electrical contracting services, focusing on federal, commercial, and industrial clients.
  • Private Equity – Hastings Equity Partners, a private equity firm, plays a key role in facilitating the acquisition, representing investment and fund management activities.
  • Construction – The acquisition impacts the construction sector due to the service offerings both companies provide within this industry.

Financials

    Participants

    NameRoleTypeDescription
    MKD ElectricBidding CompanyCompanyMKD Electric is one of the largest non-union electrical contractors in the U.S., seeking to expand its market reach through acquisitions.
    Brittain ElectricTargetCompanyA Georgia-based electrical contractor known for its services to federal, commercial, and industrial clients.
    Hastings Equity Partners LLCPrivate Equity FirmCompanyA capital partner supporting the acquisition process for lower middle-market businesses, including MKD Electric.
    Ed MaslakCEO of MKD ElectricPersonCEO of MKD Electric, overseeing strategic growth and operations.
    Grant ReckhowPrincipal at Hastings Equity PartnersPersonPrincipal at Hastings Equity Partners, involved in the acquisition strategy to expand MKD Electric's operations.