M&A Deal Summary

SPATCO Acquires Hobby Electric

On October 7, 2024, SPATCO acquired business services company Hobby Electric

Acquisition Highlights
  • This is SPATCO’s 4th transaction in the Business Services sector.
  • This is SPATCO’s 12th transaction in the United States.
  • This is SPATCO’s 2nd transaction in Arkansas.

M&A Deal Summary
Date 2024-10-07
Target Hobby Electric
Sector Business Services
Buyer(s) SPATCO
Deal Type Add-on Acquisition

Target

Hobby Electric

Benton, Arkansas, United States
Hobby Electric delivers exceptional electrical solutions and has been a trusted electrical contractor and leading provider of electrical maintenance, repair and installation services with significant experience in EV infrastructure, petroleum fueling and commercial / industrial electrical projects. Hobby Electric was founded in 2005 and is based in Benton, Arkansas.

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Buyer(S) 1

Buyer

SPATCO

Charlotte, North Carolina, United States
Category Company
Founded 1935
Sector Distribution
DESCRIPTION

SPATCO is a distributor and service of liquid handling equipment to the petroleum and industrial market. SPATCO was founded in 1953 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 12 of 12
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 12 of 12
State (Arkansas) 2 of 2
Country (United States) 12 of 12
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 UST Services

Owings, Maryland, United States

UST Services specializes in petroleum contracting services, offering tank installation and removal, environmental compliance, service and maintenance, and precision testing. UST Services is based in Owings, Maryland.

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