Chicago, IL – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Amteck of Kentucky (“Amteck”) on its recapitalization by Trive Capital, the terms of which were not disclosed.
Founded in 1977 and headquartered in Lexington, Kentucky, Amteck is recognized as one of the most prominent design/build electrical firms headquartered in the southeast. Its turnkey electrical services capabilities cover engineering and design, the prefabrication of devices and contracting as well as specialty services such as managed maintenance programs, cabling and fire alarm services. The Company has built a national footprint supporting the expansion efforts of leading companies operating in a diverse set of industries.
Trive Capital is a Dallas based private equity firm focused on acquiring strategically viable middle-market companies with talented management teams that exhibit transformational upside potential. Since 1998, Trive’s team members have successfully sourced, executed and managed more than forty transactions across a range of industries, representing over $5 billion in aggregate revenue.
Amteck owner Daren Turner commented, “Trive’s historical expertise in our industry and genuine desire to understand our business to tailor a transaction structure that would put us in a great position to achieve our growth objectives was a true differentiator. Amteck has always been a relationship-focused company with a culture of customer service and it was important to us that our partner have a like-minded approach.”
Ted Polk, Capstone Partners Managing Director, stated, “It was a pleasure to represent Daren Turner and his highly experienced management team. They have built a very scalable business that is well positioned to take advantage of the multiple growth opportunities that are presently available to it. We look forward to tracking their future successes with their new investment partners.”