Phoenix Electric, Inc. Receives Strategic Investment from Tejas Investments
has completed a recapitalization with
Austin, Texas – (February 8, 2017) – Phoenix Electric, Inc. (Phoenix Electric), a leading Texas-based multi-family electrical contractor, received a strategic investment by Tejas Investments. Focus Strategies Merchant Banking, LLC (Focus Strategies) served as the exclusive advisor to Phoenix Electric throughout the transaction, which closed on January 3, 2017.
Phoenix Electric was founded in 1986 and exclusively services the multifamily electrical contractor market across Texas. The Hutto, Texas based group has relationships with a wide range of general contractors that help to facilitate their electrical projects.
“We are excited about our new partnership with Tejas,” said Mike Riley, Chief Operating Officer of Phoenix. “With this investment we will be able to continue to provide excellent customer service throughout the state of Texas.”
Tejas Investments is a leading private equity firm headquartered in Austin, TX. The firm partners with successful private businesses to help them achieve their growth and capital structure goals.
The Focus Strategies team consisted of President and CEO Gary Valdez, Director John Biggs and Financial Analyst, Joe Denham.
For more information, please contact Lauren Greenwood at email@example.com or call 512-477-3280.
Tags: Closing Announcements