One Rock Capital Partners completes investment in Archkey Solutions

Submitted 30/06/2021 - 1:19pm

An affiliate of One Rock Capital Partners (One Rock) has successfully completed a previously announced investment in ArchKey Solutions (ArchKey), a North American electrical and technologies contracting and services provider, alongside the Company’s management team. One Rock’s stake in ArchKey was acquired from funds managed by the GFI Energy Group of Oaktree Capital Management, LP (Oaktree).  

Headquartered in St Louis, Missouri, ArchKey is an industry-leading specialty services contractor providing scalable electrical and technologies solutions nationally. ArchKey offers electrical construction, maintenance and a range of sophisticated technologies services, including control and automation, mobile solutions, audio visual solutions, and security and life safety systems, among others. 

Tony W Lee, Managing Partner of One Rock, comments: “We are excited to partner with the Company in its next phase of growth. ArchKey is renowned for its unmatched execution capabilities across complex projects, and we look forward to working closely with the Company and our Operating Partners to build upon ArchKey’s market leadership position.” 

ArchKey will continue to be led by its existing management team, including Clay Scharff, President and Chief Executive Officer, and Patrick Kriegshauser, Executive Vice President and Chief Financial Officer. 

Scharff says: “The growing demand for complex electrical and technologies solutions creates a market need for a sophisticated solutions provider capable of meeting the challenges of today and tomorrow. ArchKey’s broad suite of service offerings and unparalleled scale have enabled us to meet that need. By harnessing the power of our platform companies and leveraging One Rock’s resources, we intend to continue to provide differentiated value for our customers and new opportunities for our team members nationwide.”  

One Rock Managing Partner R Scott Spielvogel adds: “Clay, Pat and the highly experienced team at ArchKey have built an impressive platform serving a diverse set of end markets. We are eager to begin working with management to build on the Company’s success and deliver excellence to clients as only ArchKey can.”  

“ArchKey is widely recognised as the preeminent national electrical contractor, with a long track record of safe, efficient and profitable performance,” comments Ian Schapiro, Managing Director and Portfolio Manager at Oaktree. “We thank Clay, Pat and the entire ArchKey team for their partnership over the past several years and for their immense efforts and outstanding results. We see tremendous opportunities ahead for ArchKey and look forward to seeing the business continue to grow and prosper with One Rock’s support.” 

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