#United States #Kankakee #State Group #Ruder Electric

The State Group Expands Operations with Acquisition of Ruder Electric

The State Group Industrial (USA) Limited, a prominent company within Apollo's investment portfolio, has announced the acquisition of Ruder Electric, a well-known electrical contractor based in Kankakee, Illinois. This strategic move marks a significant expansion for The State Group as it aims to bolster its service offerings in the electrical contracting sector across central and northern Illinois.

Ruder Electric: A Trusted Name in Electrical Contracting

Founded in 1995, Ruder Electric has built a strong reputation for delivering high-quality electrical services. The company boasts over 100 union electricians specializing in various sectors, including industrial and commercial electrical construction and maintenance. Their expertise extends to fire, security, communications, utility, and safety systems, positioning them as a trusted electrical solutions provider in the region.

David Ruder, President of Ruder Electric, expressed his enthusiasm about the acquisition, noting, "Our successful partnership with The State Group is a testament to our team's focus to be the best value-added electrical solutions provider for our customers. We're excited to join The State Group as we begin the next chapter of Ruder Electric's growth and future for our employees."

The State Group's Commitment to Quality

The State Group's Executive Chairman, Michael Lampert, echoed this sentiment, highlighting the alignment of both companies in their values. Lampert stated, "The addition of Ruder Electric provides an exciting opportunity to partner with a company aligned with our own values in prioritizing quality of service, teamwork, and focus on customer satisfaction. Ruder Electric has a strong brand built on a foundation of over 30 years of high-quality service. We are proud to welcome the entire Ruder Electric team into The State Group family as we grow our existing business in Kankakee and our footprint into greater Central and Northern Illinois."

Financial Details of the Acquisition

While the specific terms of the acquisition have not been disclosed, the deal marks a pivotal moment for The State Group, allowing it to expand its operational capabilities and further enhance its service delivery to clients. The deal was facilitated by Berenson & Company, LLC, which served as the financial advisor to The State Group during this transaction.

About The State Group

Headquartered in Franklin, Tennessee, The State Group is recognized as a leading multi-trade industrial and specialty services contractor in North America. Since its inception in 1961, the company has provided comprehensive electrical and mechanical trade services to some of the world's most reputable companies across various industries, including power generation, automotive, and e-commerce. The State Group operates extensively, managing more than eight million man-hours annually, encompassing a wide range of services from retrofit and maintenance to construction and emergency responses.

This acquisition of Ruder Electric aligns perfectly with The State Group's vision for growth and excellence in service, promising to enhance its role in the electrical contracting landscape while providing new opportunities for employees and clients alike. As The State Group continues to expand its footprint, the addition of Ruder Electric is a strategic milestone that positions the company for sustained success in the future.