One Rock Capital Partners, LLC (One Rock) has entered into a definitive agreement to make a significant investment in ArchKey Solutions (ArchKey) alongside the Company’s management team. ArchKey is North America’s premier electrical and technologies contracting and services provider. The transaction, which is subject to customary closing conditions, is expected to be completed in the summer of 2021.
ArchKey’s management team, led by Clayton Scharff, President and Chief Executive Officer, and Patrick Kriegshauser, Executive Vice President and Chief Financial Officer, are partnering with One Rock in the transaction and will continue in their current roles.
Tony W Lee, Managing Partner of One Rock, comments: “ArchKey’s national capabilities have enabled the Company to scale its offerings and presence, while maintaining the high degree of workmanship and customer service that clients expect. We look forward to working together with management and our Operating Partners to execute on the Company’s growth plan, advance operational best practices and maximise ArchKey’s potential.”
Read more at Private Equity Wire
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