Denver, CO (July 30, 2024) – BaseRock Partners is pleased to announce the sale of Clinton Electric, Inc. to Mid-Am Building Solutions, LLC, a portfolio company of Craft Work Capital Investments, LLC. BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to Clinton Electric, Inc. (“Clinton Electric “) in this transaction. 

Clinton Electric, headquartered in Ina, Illinois, has been a trusted partner in the field of industrial and commercial electrical contracting since 1981. The company offers a comprehensive range of services, including new construction, renovations, repairs, general maintenance, plant shutdowns, and emergency response. Serving primarily the southern section of Illinois, Clinton Electric’s impressive portfolio includes clients such as Southeastern Illinois Electric Cooperative, Continental Tire, Conagra Brands, Walker’s Bluff Casino, and SSM Health.

“We couldn’t be more grateful for the BaseRock team during the sale of our company,” said Pam Allen, President of Clinton Electric. “BaseRock’s approach to managing both the buyer and us kept the process on track and their patience and willingness to educate me through every step were invaluable. We were fortunate to have had BaseRock guide our ownership team through the sale process. A special thanks to the team!”

“Clinton Electric is a truly impressive company with a reputation of superior workmanship. Their talented leadership team fosters a great culture that is fortified by dedicated, highly skilled union electricians. Clinton Electric is an important addition to the Mid-Am Building Solutions platform and we look forward to supporting the team in their growth plans,” said Rob Krueger, CEO of Mid-Am Building Solutions, in this press release.

Craft Work Capital Investments, LLC (“Craft Work”), a strategic investor exclusively focused on mechanical, electrical, and other related specialty contracting firms, completed a control investment in Clinton Electric, Inc., by Mid-Am Building Solutions, LLC, Craft Work’s Midwestern-focused platform.

Clinton Electric will remain under its current name and continue to be helmed by Pam Allen as President, who has been with the company for over 23 years.

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.

BaseRock Partners Contact

John Steinegger
Managing Director
jsteinegger@baserockpartners.com
720.853.4235

Denver, CO (March 20, 2024) – BaseRock Partners is pleased to announce the sale of Cabrera Services Inc. to EnergySolutions, Inc., a portfolio company of TriArtisan Capital Advisors. BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to Cabrera Services Inc. (“Cabrera”) in this transaction.

For nearly 30 years, Cabrera has established itself as a trusted partner for environmental and radiological remediation projects nationwide. Headquartered in East Hartford, Connecticut, Cabrera provides services to commercial and federal clients and has been a prominent contractor in the U.S. Army Corps of Engineers and Formerly Utilized Sites Remedial Action Program markets. The company has a proven track record of safety and quality, with expertise spanning the entire environmental cleanup process. Cabrera management and employees will remain in place following the sale.

EnergySolutions, headquartered in Salt Lake City, Utah, is a global leader in the nuclear services industry, providing integrated solutions for nuclear decommissioning and waste management. With decades of experience, EnergySolutions serves government and commercial customers in the nuclear, environmental, and energy sectors. It was acquired by TriArtisan Capital Advisors in November 2021. Cabrera will be fully integrated into EnergySolutions’ federal program.

“This is a tremendous opportunity to take Cabrera to the next level,” said Rob Flowers, President and COO of Cabrera Services, Inc. “EnergySolutions shares our deep commitment to safety and top-notch environmental services, and together, we’ll have the resources and reach to make an even bigger impact. I’m particularly grateful to BaseRock Partners for their invaluable strategic guidance throughout this process. Their patience, resilience, and flexibility were instrumental in navigating the complexities of this transaction.”

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.

BaseRock Partners Contact

Matthew Drake
Partner
mdrake@baserockpartners.com
312.882.7649