1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Arkansas >
  6. SPATCO Acquires Hobby Electric

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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

SPATCO

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

SPATCO is a distributor and provider of liquid handling equipment to the petroleum and industrial market. SPATCO was founded in 1935 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 12 of 13
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 12 of 13
State: Arkansas M&A 2 of 2
Country: United States M&A 12 of 13
Year: 2024 M&A 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-03 Excell Fueling Systems

Buda, Texas, United States

Excell Fueling Systems is providing critical fueling infrastructure installation and testing of underground and above-ground storage tanks and fuel systems, as well as commercial service and maintenance. Excell Fueling Systems was founded in 1993 and is based in Buda, Texas.

Buy -
Mergr

Solution for

Product

Company

Legal