October 25, 2021
Loenbro, a portfolio company of Tailwind Capital, announced that it has acquired Switch Electric, a Phoenix, AZ-based electrical contractor serving mission-critical data center construction and maintenance customers throughout the Arizona market. This transaction represents Loenbro’s fourth acquisition since Tailwind acquired the company in October 2018.
“We’re proud to join Loenbro,” said John Fleury, Switch Electric’s Founder & CEO. “Loenbro’s robust geographic footprint, excellent reputation as a contractor-of-choice within the industrial services market, and established back-office support capabilities greatly enhance Switch’s ability to service our customers on a national basis.”
Mr. Fleury will remain with Loenbro as President of its Switch Electric subsidiary, leading all data center contracting operations nationally for Loenbro.
“Switch Electric is the company logo that many data center providers want to have on their construction sites,” said Daniel Cowan, Loenbro’s President & CEO. “Not only does Switch bring a wealth of proven mission-critical project delivery expertise and a team of dedicated individuals, but we also found our values align, and they share in our mission to change for the better the way our customers think about contractors. We look forward to working with John and the Switch team to help them scale to meet the national demands for their services.”
Loenbro has been a trusted provider of industrial services for over 20 years, delivering superior single-source solutions for customers in diversified industrial markets. Loenbro offers mechanical services (including industrial construction), midstream services, instrumentation, electrical services, scaffolding, insulation, and abatement services, and inspection services. Headquartered in Westminster, CO, Loenbro has locations across the western United States.
About Tailwind Capital
Tailwind Capital is a private equity firm focused on growth-oriented investments in targeted sectors within industrials, technology & business services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has invested in 47 portfolio companies and over 145 add-on acquisitions.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.