M&A Deal Summary

Sunbelt Solomon Acquires Maxima Power Group

On August 1, 2024, Sunbelt Solomon acquired utilities company Maxima Power Group from Copley Equity Partners

Acquisition Highlights
  • This is Sunbelt Solomon’s 1st transaction in the Utilities sector.
  • This is Sunbelt Solomon’s 4th transaction in the United States.
  • This is Sunbelt Solomon’s 1st transaction in Colorado.

M&A Deal Summary

Date 2024-08-01
Target Maxima Power Group
Sector Utilities
Buyer(s) Sunbelt Solomon
Sellers(s) Copley Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)
Perkins Coie (Legal)

Target

Maxima Power Group

Denver, Colorado, United States
Maxima Power Group is a comprehensive power, energy, and automation solutions provider, specializing in large power electrical maintenance, repair, and engineering services. Maxima Power Group is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Sunbelt Solomon

Temple, Texas, United States

Category Company
Founded 1981
Sector Electrical Equipment
DESCRIPTION

Sunbelt Solomon is a provider of new and remanufactured electrical power and distribution equipment, including transformers, switchgear and circuit breakers, and related repair and field services. Sunbelt is recognized for its highly customizable solutions, technical expertise, speed of service and unparalleled standard of care, by customers across commercial, industrial and utility markets, among others. Sunbelt Solomon was founded in 1981 and is based in Temple, Texas.


DEAL STATS #
Overall 4 of 4
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Colorado M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Valley Transformer

Otis Orchards, Washington, United States

Valley Transformer is a provider of transformer repair and refurbishment services for utilities, public utility districts and commercial customers throughout the Pacific Northwest. Valley offers factory-authorized service for all major manufacturers, along with comprehensive trucking services for pickup and delivery. Valley Transformer was established in 1980 and is based in Otis Orchards, Washington.

Buy -

Seller(S) 1

DESCRIPTION

Copley Equity Partners is a private investment firm that invests in established small and lower middle-market businesses with significant growth prospects. The Firm is sector agnostic and generally looks to provide capital for shareholder liquidity, acquisition, and growth needs. Copley Equity looks to invest $5 to $75 million in equity capital in profitable businesses generating up to $25 million of cash flow. Copley Equity Partners was established in 2012 and is headquartered in Quincy, Massachusetts.


DEAL STATS #
Overall 5 of 7
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 6
State: Colorado M&A 1 of 1
Country: United States M&A 5 of 7
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 OBR Cooling Towers

Northwood, Ohio, United States

OBR Cooling Towers provides cooling tower services to various blue-chip clients throughout the United States across various industrial and commercial end markets. OBR Cooling Towers was founded in 1994 and is based in Northwood, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 ATA

Jackson, Tennessee, United States

ATA is a provider of tax, accounting and consulting services to small and midsize businesses across a wide range of industries as well as government entities, not-for-profit organizations and high-net-worth individuals. In addition, ATA supports clients through a broad portfolio of ancillary services including managed IT services, IT consulting, cybersecurity, transaction advisory, wealth management, and benefits consulting. ATA is based in Jackson, Tennessee.

Buy -