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Completed Transactions > Engineering, Contracting & Construction > Powerlink Electric Acquired By PirTano Construction

Powerlink Electric Acquired By PirTano Construction

Powerlink Electric Acquired By PirTano Construction

Date

Nov 2023

Region

Illinois

We are pleased to share the sale of our client Powerlink Electric, Inc. to PirTano Construction (a portfolio company of Rising Point Capital). The transaction closed November 17, 2023.

Founded in 2006 by Doug Pantle and Steve Lipinski, Powerlink Electric (Powerlink), is a full-service electrical and telecommunications contractor based in Vernon Hills, Illinois with an outstanding reputation in its regional marketplace and is well known for the reliability and quality of its service. Powerlink primarily focuses on commercial and industrial projects and operates in Northeastern Illinois and surrounding areas. Powerlink will continue to operate under the current leadership as a wholly owned subsidiary of PirTano.

Mike Piraino, President of PirTano, said, “The acquisition of Powerlink, which will operate as a new electrical division in our company, brings us additional service offerings and bench strength of employees. We look forward to continuing to support our customers while capitalizing on additional opportunities.”

Rising Point Capital (“RPC”), commented on the transaction, “Doug and Steve have built a tremendous reputation in its marketplace. We are very excited to partner with them to help accelerate their growth and lead a new division at PirTano.”

Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Stephen Dinehart, a Generational Group Authorized Affiliate, with support from Vice President, M&A, Lance Thomasson, successfully closed the deal. 

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction M&A Deals page.

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