Huron Capital Invests in RK Electric

In a strategic move, leading middle-market private equity firm Huron Capital has announced its investment in RK Electric, a prominent non-union, full-service electrical contractor based in the San Francisco Bay Area. The investment aligns with the launch of Huron Capital's latest facility services ExecFactor platform, which aims to build a dominant presence in the mission-critical, highly technical electrical services space.

RK Electric, established in 1985, has emerged as a best-in-class company with a strong reputation for serving commercial clients in specialized industries such as semiconductor, biotechnology, EV and battery manufacturing, and higher education. With decades of experience and a talented team of technicians, RK Electric offers comprehensive engineering, design-build, retrofit, recurring services, and other auxiliary services.

Tom Bartolomei, an industry veteran with over 30 years of experience, will assume the role of CEO for the overall electrical services platform. Working alongside RK's existing management team, Bartolomei will oversee strategy and expansion initiatives and take charge of sourcing, integrating, and leading future acquisitions for the platform. His impressive track record includes serving as Chief Executive Officer of renowned companies such as Shermco Industries, NAES Corporation, and Eco Power Solutions.

The partnership between Huron Capital and RK Electric is set to create a leading electrical services company catering to the complex needs of critical uptime environments. By prioritizing differentiated engineering, talent development, and a broad range of preventative maintenance, repair, inspection, and compliance services, the collaboration aims to build upon RK's strong foundation and solidify its position as a trusted provider for blue-chip customers.

RK Electric's distinguished service-first culture, exceptional training, and safety programs, along with its extensive and loyal customer base, make it an ideal cornerstone investment for Huron Capital's ExecFactor initiative. The partnership will leverage Huron Capital's deep expertise and knowledge gained from previous buy-and-builds within the facility services ecosystem to drive accelerated growth for RK Electric, both organically and through strategic acquisitions.

Brian Rassel, Partner and Facility Services Sector Captain at Huron Capital, expressed excitement about the partnership, stating that RK Electric's service-first culture and strong customer base make it a compelling investment. Rassel emphasized the shared vision of becoming the industry leader and preferred acquirer of service-oriented electrical companies across North America.

Huron Capital is renowned for its people-first and thematic approach to private equity investing in fragmented sectors of the North American facility and infrastructure services and professional services industries. Since its establishment in 1999, the firm has empowered entrepreneurs and management teams to achieve new levels of excellence by providing resources for operational improvement, service enhancement, strategic mergers and acquisitions, and market expansion.

With over $1.8 billion managed on behalf of a global institutional investor base, Huron Capital has a proven track record of driving thoughtful value creation. The firm's commitment to candor, trust, accountability, and transparency shines through in its relationships with management teams, investors, advisors, and employees. Huron Capital's repeatable playbook has facilitated over 270 acquisitions, showcasing its expertise in delivering successful outcomes for all stakeholders involved.

ExecFactor® is Huron Capital's proprietary investment strategy that combines a thematic approach with a buy-and-build model. Through ExecFactor®, Huron Capital partners with industry executives to underwrite specific sectors and create new platform investments. This strategy leverages the firm's sector focus, extensive industry relationships, committed capital, and repeatable buy-and-build methodology to drive growth and value creation.

Previous successful ExecFactor® investments include ExperiGreen, a provider of residential lawn care services, and Exigent, a provider of mission-critical repair, maintenance, and replacement services for large facility operations. Huron Capital has also exited investments in Sciens Building Solutions, a prominent commercial fire and life safety company, Pueblo Mechanical & Controls, a premier commercial HVAC and plumbing services company, and Highstreet Insurance Partners, a full-service insurance brokerage platform.

The Huron Capital investment in RK Electric marks an exciting chapter for both companies as they join forces to redefine the electrical services industry. With a shared vision and complementary strengths, Huron Capital and RK Electric are poised to drive innovation, excellence, and growth in the mission-critical, highly technical electrical services space.