Leading middle-market private equity firm Huron Capital recently 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 space. This launch coincides with Huron’s acquisition of RK Electric – a leading non-union, full-service electrical contractor based in the San Francisco Bay Area. The company 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, VP of Estimating Dan Yeggy and VP of Engineering Rich Skibinski. In addition to Huron’s fund investment, RK received a meaningful co-investment from Huron’s existing LP base to affect the transaction.
Tom Bartolomei will become CEO of the overall electrical services platform, guiding strategy and expansion initiatives alongside RK’s existing management team, and be responsible for sourcing, integrating and leading future acquisitions for the platform. MrBartolomei has over 30 years of industry experience, most recently serving as Chief Executive Officer of Shermco Industries (Irving, Texas); NAES Corporation (Issaquah, Washington) and Eco Power Solutions (Boston, Massachusetts).
Based in Fremont, CA, RK is a best-in-class company with decades of experience serving commercial clients in highly technical and attractive end markets including semiconductor, biotechnology, EV and battery manufacturing, and higher education. And the company 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.
KEY QUOTES:
“I am thrilled to be partnering with Huron Capital – they have a vision for building a leading electrical services company focused entirely on serving the complex needs of critical uptime environments. By focusing on differentiated engineering, talent development and offering a broad suite of preventative maintenance, repair, inspection and compliance services, we will build upon the foundation that has made RK indispensable to blue chip customers for over 30 years.”
- Tom Bartolomei
“Having been with RK Electric for over three decades, I am thrilled to see the progress we have made, the team we have and look forward to what we will achieve by working with Huron. Their knowledge and expertise gained from previous buy-and-builds within the complex facility services ecosystem will allow us to accelerate growth both organically and through acquisition with confidence.”
- RK President Raul Real
“RK Electric’s service-first culture and best-in-class training and safety programs combined with its long-term, embedded customer base make this a compelling cornerstone investment for our latest ExecFactor initiative. We are excited to partner with Tom, Raul and the rest of the team to begin executing on a vision of becoming the industry leader and acquirer of choice for owners of service-oriented electrical companies across North America.”
- Brian Rassel, Partner and Facility Services Sector Captain with Huron
