Securing the Right Partner for Continued Growth
Professional Electrical Contractors of Connecticut (PEC), a full-service electrical contracting firm, recently secured a structured equity investment from Alaris Equity Partners. BaseRock Partners served as the exclusive financial advisor to PEC, ensuring that the transaction aligned with the company’s goals for growth, culture, and long-term stability.
For over four decades, PEC has been a trusted name in electrical contracting, with a broad range of capabilities, including commercial installations, historical structural retrofits, and large-scale Photovoltaic (PV) projects. Through its subsidiary, North American Renewables, Inc., PEC is also a leading solar engineering, procurement, and construction (“EPC”) contractor, serving the Greater New England and New York regions.
As PEC explored its next chapter, its leadership sought an investment partner that would provide financial strength while preserving its core values and operational independence.
Why Professional Electrical Contractors of Connecticut Chose BaseRock Partners
PEC needed an advisor that truly understood the industry, its challenges, and its opportunities, especially construction-focused firms with complex financial structures.
“I was looking for a banker who knew and understood construction. When a fellow subcontractor recommended BaseRock after having a great experience with them, he connected us.
BaseRock had a deep knowledge of our business, understood how our somewhat complex and unique financials worked, and had a deep pool of serious, sophisticated buyers.”
– Jim Bisson, President & Chief Executive Officer of PEC
BaseRock took the time to understand what mattered most to PEC – culture, control, growth, and diversification – and leveraged its deep industry expertise to identify and secure the right investment partner.
The Outcome: A Stronger Future for PEC
The investment from Alaris Equity Partners provides PEC with the resources to accelerate its expansion while maintaining its strong company culture and reputation for excellence. By working with BaseRock, PEC was able to navigate the complexities of the transaction with confidence, securing a future that supports both its team and long-term vision.
About BaseRock Partners
BaseRock Partners is an investment bank built to serve the engineering and construction industry. BaseRock advises clients using a team-oriented approach that combines decades of industry expertise, deep industry relationships, and unique transaction capabilities specifically designed to meet the needs of engineering and construction companies.
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