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New Deal


Announced

Completed

ArchKey Solutions completed the acquisition of Sprig Electric.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

electrical contractor

Friendly

Specialty Contracting

Majority

Acquisition

Completed

Private

Single Bidder

Synopsis

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ArchKey Solutions, one of the largest electrical and technology construction firms in the United States, completed the acquisition of Sprig Electric, a full-service electrical & technologies contractor. Financial terms were not disclosed. "Sprig Electric is a great partner for the ArchKey platform. Not only does their culture, values, and customer focus match that of ArchKey's, but their passion for disruption will serve as a Center of Excellence driving innovation across the platform. We are very excited to welcome Sprig Electric and expand ArchKey's Better Together programs," Clay Scharff, ArchKey Solutions CEO.

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