MKD Electric Expands Through Acquisition of Sea-Tac Electric
Deal News | Apr 15, 2025 | Hastings Equity Partners LLC
Hastings Equity Partners LLC has announced that MKD Electric, a portfolio company, has acquired Sea-Tac Electric. This acquisition serves as a strategic expansion for MKD Electric, allowing it to extend its footprint to the Pacific Northwest and enhance its position in the U.S. electrical contracting industry. Sea-Tac Electric has a strong reputation in sectors such as grocery and manufacturing and is known for its comprehensive electrical services. The acquisition aligns with MKD's growth strategy of organic development and strategic acquisitions, giving them a key presence in a new geographical market.
Sectors
- Electrical Services
- Private Equity
- Mergers and Acquisitions
Geography
- United States – The acquisition involves American companies expanding their operations, specifically focusing on the Pacific Northwest region within the U.S.
- Pacific Northwest – Sea-Tac Electric is based in Seattle, WA, providing the geographic focus of this acquisition as MKD Electric expands into the Pacific Northwest.
Industry
- Electrical Services – The acquisition revolves around electrical services as both MKD Electric and Sea-Tac Electric operate in this sector, focusing on electrical design, installation, and maintenance.
- Private Equity – Hastings Equity Partners, a private equity firm, is facilitating this acquisition, highlighting the role of private equity in fostering business growth through strategic acquisitions.
- Mergers and Acquisitions – The article discusses the acquisition of Sea-Tac Electric by MKD Electric, a classic example of M&A activity used for strategic growth.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hastings Equity Partners LLC | Private Equity Firm | Company | The private equity firm that owns MKD Electric and supports its strategic acquisitions. |
| MKD Electric, LLC | Acquiring Company | Company | A portfolio company of Hastings Equity Partners, MKD Electric is acquiring Sea-Tac Electric to expand its geographical footprint and service offerings. |
| Sea-Tac Electric | Target Company | Company | A Seattle-based electrical services contractor that provides comprehensive electrical solutions and is known for its extensive experience in sectors like grocery and manufacturing. |
| Ed Maslak | CEO | Person | CEO of MKD Electric, commenting on the strategic importance of the acquisition. |