Vector Capital Management has originated a $50 million loan to Sylvan to support the company’s strategic combination with Andy J. Egan, marking the first investment for E-3 Tech’s flagship multi-trade construction platform. The financing, completed through Vector’s direct credit strategy Vector Velocity, reflects growing momentum behind E-3 Tech, the applied-AI and M&A-driven platform backed by Andreessen Horowitz.
Sylvan is a major provider of mechanical, electrical, and industrial contracting services across North America’s most advanced infrastructure sectors. The company serves leading customers in battery production, semiconductor fabrication, power generation, and hyperscale datacenter development. Its combination with Egan, a top mechanical contractor, is intended to bolster technical depth, expand geographic reach, and enhance the platform’s ability to support rapidly accelerating AI and electrification-related infrastructure projects.
The partnership comes as industrial and technology-related construction demand reaches historic levels, driven by large-scale capital investments in AI-enabled datacenters, electric vehicle manufacturing, and U.S. semiconductor facilities. By bringing Egan into the platform, Sylvan and E-3 Tech plan to create a more scalable engineering and contracting offering that can meet the needs of the country’s largest industrial developers and cloud infrastructure operators.
Vector Capital stated that the deal aligns with its strategy of supporting technology-driven platforms positioned to gain share in high-growth sectors. E-3 Tech’s leadership emphasized that the new capital will help accelerate project wins, targeted acquisitions, and broader market expansion.
Vector Capital, founded in 1997 and based in San Francisco, oversees more than $4 billion across credit and private equity strategies and invests in middle-market technology and technology-enabled companies. The firm has focused on transformational and operationally intensive investments for nearly three decades.
KEY QUOTES
“The explosive demand for AI-driven technologies is catalyzing unprecedented investment in high-tech manufacturing and next-generation datacenters, battery plants, and chip facilities across the U.S. Sylvan’s partnership with Egan underscores E-3 Tech’s strategy to build a modern, technology-enabled construction leader equipped to meet the wave of demand. Vector is proud to provide a flexible capital solution that enables the platform to pursue targeted acquisitions and strengthen its position in the MEP sector, where hyperscalers and cloud providers are driving sustained infrastructure needs. Rudy Adolf is a seasoned operator with a strong track record of scaling businesses, and we are excited to extend our long-standing partnership with him as E-3 Tech executes against this opportunity.”
Nick Ghoussani, Head of Credit at Vector Capital
“The combined Sylvan-Egan platform is well positioned to meet the rapidly growing infrastructure requirements arising from AI adoption, the expansion of electric vehicle manufacturing, and major government programs supporting industrial development. Vector’s deep expertise in technology and AI-enabled sectors — and my long-standing relationship with their team — makes them the ideal partner as we pursue our strategic initiatives to win new projects, drive growth, and broaden our reach across high-value end markets.”
Rudy Adolf, Founder and CEO of E-3 Tech
