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M&A Deal Summary

Broad Sky Partners Acquires Commonwealth Electrical Technologies

On March 19, 2025, private equity firm Broad Sky Partners acquired business services company Commonwealth Electrical Technologies

Acquisition Highlights
  • This is Broad Sky Partners’ 4th transaction in the Business Services sector.
  • This is Broad Sky Partners’ 9th transaction in the United States.
  • This is Broad Sky Partners’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2025-03-19
Target Commonwealth Electrical Technologies
Sector Business Services
Buyer(s) Broad Sky Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) FMI Capital Advisors (Financial)
Kirkland & Ellis (Legal)

Target

Commonwealth Electrical Technologies

Worcester, Massachusetts, United States
Commonwealth Electrical Technologies is a commercial electrical contractor based in the Northeast. The company specializes in providing energy efficiency, solar and electrical services to commercial and industrial facilities. Commonwealth Electrical Technologies was founded in 2008 and is based in Worcester, Massachusetts.

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Buyer(S) 1

Buyer

Broad Sky Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Middle-Market
Type Sector Focused
DESCRIPTION

Broad Sky Partners is a private equity firm that invests in middle-market companies operating in the media, communications, business services, and consumer products sectors. The Firm will consider both majority or minority positions and looks to commit $50 to $250 million per transaction. Broad Sky Partners was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 9 of 9
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Frontline Managed Services

Atlanta, Georgia, United States

Frontline Managed Services is a provider of business process outsourcing to the legal and accounting markets. Frontline Managed Services specializes in white glove IT help desk support, IT Managed Services (Development, Infrastructure, Engineering, and Legacy Software Support), Managed Financial Services (e-billing processing, accounts receivable management, and cash application), and training and education through its e-learning platform. Frontline Managed Services was founded in 1987 and is based in Atlanta, Georgia.

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Company

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