Investment Summary

Pfingsten Partners Invests In New England Electrical

On October 20, 2021, private equity firm Pfingsten Partners invested in communications company New England Electrical

Investment Highlights
  • This is Pfingsten Partners’ 1st transaction in the Communications sector.
  • This is Pfingsten Partners’ 52nd transaction in the United States.
  • This is Pfingsten Partners’ 1st transaction in Massachusetts.

Investment Summary

Date 2021-10-20
Target New England Electrical
Sector Communications
Investor(s) Pfingsten Partners
Deal Type Growth Capital

Target

New England Electrical

Kingston, Massachusetts, United States
website
New England Electrical is an independent provider of electrical services serving the telecommunications, electric vehicle charging, and utility markets. New England Electrical is headquartered in Kingston, Massachusetts.

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Investor(S) 1

Investor

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.


DEAL STATS #
Overall 52 of 56
Sector (Communications) 1 of 1
Type (Growth Capital) 8 of 10
State (Massachusetts) 1 of 2
Country (United States) 52 of 56
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Burton Mill Solutions

Woodland, Washington, United States

Burton Mill Solutions is a manufacturer and distributor of consumable products and equipment to saw mills and wood product manufacturers. Burton Mill Solutions was established in 1903 and is based in Springfield, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Fairbank Equipment

Wichita, Kansas, United States

Fairbank Equipment is a distributor of application and control equipment used in the agriculture and energy industries. Fairbank Equipment is based in Wichita, Kansas.

Buy -