DETROIT–The middle-market private equity firm Huron Capital (“Huron”) announced the launch of its latest facility services ExecFactor platform formed to execute a buy-and-build in the mission-critical, highly technical electrical services industry.
The launch coincides with Huron’s acquisition of RK Electric, a non-union, full-service electrical contractor in the San Francisco Bay Area. RK is the cornerstone of Huron’s latest ExecFactor platform initiative in electrical services and will continue to be led locally by RK’s existing executive team, including President Raul Real, Vice President of Estimating Dan Yeggy and Vice President of Engineering Rich Skibinski. In addition to Huron’s fund investment, RK received a meaningful co-investment from Huron’s existing limited partner base in the transaction.
Tom Bartolomei will become CEO of the overall electrical services platform, guiding strategy and expansion initiatives alongside RK’s existing management team, as well as hold primary responsibility for sourcing, integrating and leading future acquisitions for the platform. Bartolomei has over 30 years of industry experience, most recently serving as CEO of Shermco Industries in Irving, Texas, NAES Corp of Issaquah, Wash, and Eco Power Solutions in Boston.
Based in Fremont, Calif., RK has decades of experience serving commercial clients in highly technical and attractive end markets including semiconductor, biotechnology, electric vehicle and battery manufacturing, and higher education. The cCompany was established in 1985 and boasts a talented group of technicians across electrical and low voltage divisions capable of providing comprehensive engineering, design-build, retrofit, reoccurring services and other auxiliary services.
Founded in Detroit in 1999, Huron Capital partners with entrepreneurs and management teams, providing resources to help companies grow by professionalizing operations, improving service offerings, executing merger and acquisition strategies, and accessing new markets. ExecFactor is Huron Capital’s proprietary investment strategy where we underwrite an industry and partner with an executive to deploy a buy-and-build investment model. This strategy brings together sector focus, deep industry relationships, committed capital, and repeatable buy-and-build approach to create a new platform investment.
Recently closed ExecFactor investments include ExperiGreen, a provider of residential lawn care services and Exigent, a provider of mission-critical repair, maintenance, and replacement services to large facility operations for education, healthcare, industrial, government, and commercial customers.
Recently exited ExecFactor investments include Sciens Building Solutions, a prominent full-service 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.