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BaseRock Partners is pleased to announce that Professional Electrical Contractors of Connecticut, Inc. (PEC) has received a structured equity investment from Alaris Equity Partners. BaseRock Partners (BaseRock) acted as the exclusive financial advisor to PEC in this transaction. Professional Electrical Contractors of Connecticut, Inc. (PEC) is a full-service electrical contracting firm 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. BaseRock took the time to understand what was most important to me - culture, control, growth, and diversification. With that understanding, they were able to match us with the right partner. We could not have had a better advocate or experience.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, said Jim Bisson, President & Chief Executive Officer of PEC. The investment from Alaris Equity Partners will provide PEC with the strategic resources and financial backing to accelerate growth while maintaining its strong company culture and commitment to quality service. |
