2021 TRANSACTION HIGHLIGHTS
TRANSACTION SPOTLIGHT
Bundy Group advises three energy & power services firms in a consolidated sale
Charlotte, NC - Bundy Group, a 32-year-old investment bank, announces that it has advised a consortium of three Western U.S.-based companies (collectively known as “Pacific”) in a consolidated sale to Integrated Power Services (“IPS”), a North American leader in service, repair, and engineering for electric motors and generators. IPS is a portfolio company of Searchlight Capital Partners, a global private equity group.
The three companies are Industrial Electric Machinery (“IEM”), Reed Electric & Field Service ("Reed Electric"), and A+ Electric Motor ("A+"). The Pacific transaction was led by Clint Bundy and Stewart Carlin, Managing Directors with Bundy Group. Lorenc Biqiku and Megan Hagemann, Vice Presidents with Bundy Group, also worked on the transaction team.
Pacific consists of complementary electrical apparatus, automation, industrial equipment repair, and field services organizations that deliver solutions across the Western U.S. Furthermore, it includes seven facilities, over 100 employees, a service region covering 12 states, and client end markets that include the wind, solar, hydro, and geothermal renewables segments.
Clint Bundy stated, “Bundy Group is a specialist in the energy and power, automation, and industrial services industries, and the success of the Pacific engagement is a major achievement for our firm. This was a complex engagement, due, in no small part, to our coordinating three separate companies with the goal of acting as one group. We could not have executed and closed on this transaction without outstanding clients and a Bundy Group team that is among the best in the investment banking profession.”
Stewart Carlin said, “Our work on behalf of the three clients included helping to articulate the vision of what a combined Pacific entity could look like and the steps to integrate the entities, all with the goal of demonstrating to the market that Pacific demanded a platform-worthy valuation.” Stewart added, “We enjoyed working in partnership with the Pacific clients to achieve such an outstanding outcome.”
Spencer Wiggins, President of IEM, stated “After Clint Bundy and I developed the idea of the Pacific consortium, the Bundy Group team worked flawlessly and in a collaborative fashion with respective firms to manage a highly competitive sale process.” Spencer added, “The end-result was a great new partner in IPS and a Pacific valuation that was higher for each shareholder as a result of selling as a group versus selling the companies individually. We could not have been happier with the outcome that the Bundy Group team delivered.”
The three companies are Industrial Electric Machinery (“IEM”), Reed Electric & Field Service ("Reed Electric"), and A+ Electric Motor ("A+"). The Pacific transaction was led by Clint Bundy and Stewart Carlin, Managing Directors with Bundy Group. Lorenc Biqiku and Megan Hagemann, Vice Presidents with Bundy Group, also worked on the transaction team.
Pacific consists of complementary electrical apparatus, automation, industrial equipment repair, and field services organizations that deliver solutions across the Western U.S. Furthermore, it includes seven facilities, over 100 employees, a service region covering 12 states, and client end markets that include the wind, solar, hydro, and geothermal renewables segments.
Clint Bundy stated, “Bundy Group is a specialist in the energy and power, automation, and industrial services industries, and the success of the Pacific engagement is a major achievement for our firm. This was a complex engagement, due, in no small part, to our coordinating three separate companies with the goal of acting as one group. We could not have executed and closed on this transaction without outstanding clients and a Bundy Group team that is among the best in the investment banking profession.”
Stewart Carlin said, “Our work on behalf of the three clients included helping to articulate the vision of what a combined Pacific entity could look like and the steps to integrate the entities, all with the goal of demonstrating to the market that Pacific demanded a platform-worthy valuation.” Stewart added, “We enjoyed working in partnership with the Pacific clients to achieve such an outstanding outcome.”
Spencer Wiggins, President of IEM, stated “After Clint Bundy and I developed the idea of the Pacific consortium, the Bundy Group team worked flawlessly and in a collaborative fashion with respective firms to manage a highly competitive sale process.” Spencer added, “The end-result was a great new partner in IPS and a Pacific valuation that was higher for each shareholder as a result of selling as a group versus selling the companies individually. We could not have been happier with the outcome that the Bundy Group team delivered.”
BUNDY GROUP THOUGHT LEADERSHIP
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COMMUNITY INVOLVEMENT
The Salvation Army Boys & Girls Clubs of Greater Charlotte
Bundy Group was excited to participate again this year as a lead sponsor for the The Salvation Army Boys & Girls Clubs of Greater Charlotte Steak & Burger event. The Boys & Girls Clubs enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.
Tee Off For Kids Rotary Club of Charlotte-South Golf Classic
It was our pleasure to participate again this year as a hole sponsor for the annual Tee Off for Kids event at Raintree Country Club NC. For over 30 years, the Rotary Club of Charlotte South has been committed to the well-being of children in our community. Funds raised from this annual golf tournament and individual donations support numerous organizations and programs.
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