Key Takeaways
- • Habco, a portfolio company of Blackford Capital, has acquired EG Middleton, a century-old electrical contractor based in Virginia.
- • EG Middleton employs about 120 people, including more than 100 electricians.
- • EG Middleton's customers include the US Navy, Dominion Energy and Newport News Shipbuilding.
Summary
Blackford Capital's Habco has acquired EG Middleton, a Virginia-based electrical contractor with a history spanning roughly a century, according to the primary source report. The transaction adds a established regional electrical services business to Habco's portfolio.
EG Middleton employs approximately 120 people, including more than 100 electricians. The company performs work for a mix of government and industrial customers, among them the US Navy, Dominion Energy and Newport News Shipbuilding. That customer base points to a concentration in defense-related and utility-sector work in the Virginia market.
The available source material does not disclose the purchase price, deal terms or financing structure. Investors tracking Habco and Blackford Capital should look to further filings or announcements for transaction value and any stated growth plans.
EG Middleton employs approximately 120 people, including more than 100 electricians. The company performs work for a mix of government and industrial customers, among them the US Navy, Dominion Energy and Newport News Shipbuilding. That customer base points to a concentration in defense-related and utility-sector work in the Virginia market.
The available source material does not disclose the purchase price, deal terms or financing structure. Investors tracking Habco and Blackford Capital should look to further filings or announcements for transaction value and any stated growth plans.
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