Secondary Buyout • Utilities

Stellex Capital Management Acquires Rokstad Power

On January 27, 2025, private equity firm Stellex Capital Management acquired utilities company Rokstad Power from Crown Capital Partners

Acquisition Context
  • This is Stellex Capital Management’s 1st transaction in the Utilities sector.
  • This is Stellex Capital Management’s 1st transaction in Canada.
  • This is Stellex Capital Management’s 1st transaction in British Columbia.

Explore All 53 Secondary Buyout Utilities Deals - Search the Database Free


M&A Deal Summary

Date January 27, 2025
Target Rokstad Power
Sector Utilities
Buyer(s) Stellex Capital Management
Sellers(s) Crown Capital Partners
Deal Type Secondary Buyout

Target Company

Rokstad Power

Coquitlam, British Columbia, Canada
Rokstad Power offers a full suite of power line services, including emergency and storm response, transmission and distribution line construction and maintenance, and underground cable services. Rokstad is also a specialist in live line construction methods for distribution and transmission line projects with operations throughout Canada and the United States. Rokstad Power was founded in 2008 and is based in Coquitlam, British Columbia.
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Buyer Overview 1

Buyer
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $75 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York, New York.


Deal Context for Buyer #
Overall 36 of 39
Sector: Utilities 1 of 1
Type: Secondary Buyout 10 of 10
State: British Columbia 1 of 1
Country: Canada 1 of 1
Year: 2025 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 ICS Holding

Houston, Texas, United States

ICS Holding provides a comprehensive suite of mission-critical electrical solutions to support customers’ operations and ensure reliability across their sites. The Company’s service capabilities include design solutions, industrial installations, and in-plant service, maintenance, and repairs. ICS Holding was founded in 2018 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-30 Durr - Noise Filtration Technology Business

Bietigheim-Bissingen, Germany

Durr's Noise Filtration Technology Business encompasses the design and manufacture of exhaust air purification technology and sound insulation systems. Durr's Noise Filtration Technology Business is based in Bietigheim-Bissingen, Germany.

Buy -

Seller Profile 1

SELLER

Crown Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Lender
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crown Capital Partners, Inc. is a Canadian investment manager that provides alternative debt financing for private equity backed and non-sponsored middle market transactions. The Firm typically invests $5 to $25 million in the form of subordinated debt and bridge loans to support acquisitions, management buy-outs, growth financings and recapitalizations. Crown Capital Partners was founded in 2000 and is based in Toronto with an additional office in Calgary.


Deal Context for Seller #
Overall 15 of 15
Sector: Utilities 1 of 1
Type: Secondary Buyout 1 of 1
State: British Columbia 2 of 2
Country: Canada 13 of 13
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 The Ferus Group of Companies

Calgary, Alberta, Canada

The Ferus Group of Companies provides cryogenic fluids, natural gas fuels (LNG/CNG), and logistics solutions to the energy sector, supporting well completions, enhanced recovery, and remote power generation. The Ferus Group of Companies is based in Calgary, Alberta.

Sell -