The State Group Expands Their Reach with J&J Electric Acquisition in Indiana
The State Group Expands Their Reach with J&J Electric Acquisition
In a significant move to enhance its capabilities in the electrical contracting sector, The State Group Industrial (USA) Limited announced its acquisition of J&J Electric of Indiana, Inc. Located in Kokomo, Indiana, J&J Electric is a well-respected entity in the electrical contracting industry, serving a wide array of industrial and commercial clients throughout Indiana and beyond. This acquisition marks a pivotal moment for both companies, paving the way for increased service offerings and operational efficiencies in the region.
Established in 1990, J&J Electric has grown to become a trusted partner for many Fortune 500 companies, including Duke Energy and Stellantis. With a workforce of over 200 skilled union electricians, the company specializes in electrical construction and maintenance, as well as crucial systems such as fire, security, and communications. Their steadfast commitment to safety and quality has earned them a preferred vendor status among their clientele.
Jeff Linkenhelt, President of J&J Electric, expressed enthusiasm about joining The State Group, stating, "Our successful partnership with The State Group is a testament to our team's collective effort to be the best in providing high-quality, value-added electrical solutions for our customers and to our commitment to the local communities we serve."
With this acquisition, The State Group aims to further strengthen its position in the electrical contracting market. The President and CEO of The State Group, Michael Lampert, highlighted the alignment in values between the two entities, emphasizing a shared focus on high-quality service over mere pricing. "JJ Electric has a strong brand built on a foundation of over 35 years of high-quality service. We are proud to welcome the entire JJ Electric team into The State Group family as we grow our existing business in Kokomo and our footprint into greater Central and Northern Indiana."
This strategic acquisition not only reflects The State Group's commitment to expanding its operational footprint but also its dedication to delivering top-notch services in industries including power generation, automotive, and communications. With the integration of JJ Electric, The State Group anticipates enhancing its electrical and mechanical trade services further, responding to the growing demands of its diverse clientele.
A Bright Future Ahead
The future looks promising as both organizations come together to share resources and expertise. By integrating J&J Electric's established systems and workforce with The State Group’s extensive industry reach and capabilities, both entities position themselves for future growth and innovation in electrical contracting.
As they embark on this exciting new chapter, customers can expect the same high level of service they've come to associate with each brand. The State Group will continue to leverage its vast experience and expertise, ensuring that the pursuit of excellence remains at the forefront of its operational agenda.
In summary, the acquisition of J&J Electric by The State Group highlights a strategic step forward in the electrical contracting business. It not only solidifies The State Group's presence in Indiana but also enhances its capability to serve a growing client base with comprehensive, high-quality electrical services. For more information on The State Group, you can visit their official website at www.stategroup.com. The transaction was advised by Berenson Company, LLC, serving as the financial advisor to The State Group throughout this strategic endeavor.