Add-on Acquisition • Construction

State Group Acquires J&J Electric

On December 22, 2025, State Group acquired construction company J&J Electric

Acquisition Context
  • This is State Group’s 1st transaction in the Construction sector.
  • This is State Group’s 2nd transaction in the United States.
  • This is State Group’s 1st transaction in Indiana.

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M&A Deal Summary

Date December 22, 2025
Target J&J Electric
Sector Construction
Buyer(s) State Group
Deal Type Add-on Acquisition

Target Company

J&J Electric

Kokomo, Indiana, United States
J&J Electric is an electrical contracting company that provides commercial and industrial electrical services. J&J Electric work includes electrical system installation, upgrades, maintenance, and troubleshooting for facilities such as warehouses, manufacturing sites, offices, and other commercial properties. J&J Electric was founded in 1990 and is based in Kokomo, Indiana.
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Buyer Overview 1

Buyer

State Group

Franklin, Tennessee, United States

Category Company
Founded 1961
Sector Engineering
DESCRIPTION

State Group is a multi-trade industrial and specialty services contractor that provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. The State Group performs over two million man-hours annually of retrofit, maintenance, construction and emergency services and maintains a tooling and equipment inventory to support its skilled workforce. State Group was founded in 1961 and is based in Franklin, Tennessee.


Deal Context for Buyer #
Overall 2 of 2
Sector: Construction 1 of 1
Type: Add-on Acquisition 2 of 2
State: Indiana 1 of 1
Country: United States 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Delta Services

Louisville, Kentucky, United States

Delta Services LLC is an electrical contractor focusing on electrical construction and maintenance, fire, security, communications, utility, and safety systems. Delta Services is based in Louisville, Kentucky.

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