Trive Capital invests in Amteck

Trive Capital has made an undisclosed investment in Amteck. Based in Lexington, Kentucky, Amteck is a provider of design build and plan spec core electrical services.

PRESS RELEASE

DALLAS, Texas and LEXINGTON, Kentucky- Trive Capital (“Trive”), the Dallas-based private equity firm, is excited to announce its investment in and partnership with Amteck of Kentucky (“Amteck” or the “Company”). Founded in 1977 and headquartered in Lexington, Kentucky, Amteck is a national provider of design build electrical services for a diverse mix of greenfield and expansion related facility construction projects across the United States.

Through its Lexington headquarters, Amteck supports the facility growth expansion initiatives of companies that operate in the manufacturing, food and beverage, commercial and institutional sectors. The Company’s service offerings include three distinct divisions: core electrical (inclusive of both design build and plan spec work), special services (low voltage work), and service (troubleshooting and repair).

“We have partnered with the highly capable and experienced management team at Amteck. They have built one of the country’s leading electrical contractors with a steep growth trajectory that we can help support” commented Conner Searcy, Managing Partner at Trive Capital. “Trive’s history of investing in the engineering and construction sector together with our hands-on approach to portfolio company operations resonated with the Amteck team as they searched for a partner.”

Amteck owner Daren Turner stated, “Trive’s historical expertise in our industry and genuine desire to understand our business to tailor a transaction structure that would put us in a great position to achieve our growth objectives was a true differentiator. Amteck has always been a relationship-focused company with a culture of customer service and it was important to us that our partner have a like-minded approach.”

Trive Managing Director Desmond Henry noted, “Trive is proud to team up with Amteck. We will endeavor to be a resource for the management team as they continue to be value-added partners to their customers. We will strive to be additive to the Amteck team as the nature of the upcoming domestic non-residential construction projects take on increased scope and complexity.”

ABOUT AMTECK
Amteck (www.amteck.com) is a national provider of design build and plan spec core electrical services targeting the North American non-residential construction sector. Amteck also has divisional expertise focused on special services (low voltage work), and service (troubleshooting and repair).

ABOUT TRIVE CAPITAL
Trive Capital (www.trivecapital.com) is a Dallas, Texas-based private equity firm focused on making control private equity investments in companies based in North America. Trive utilizes a proven operational best practices approach and identifies actionable opportunities that allow businesses, shareholders, and employees to realize their full long-term potential.