CE Power Solutions, a portfolio company of Mason Wells, has acquired 3C Electrical Company, a provider of engineering, testing, and commissioning services for low, medium, and high voltage systems. CE Power was acquired by Mason Wells in May 2015.
3C Electrical’s customers include power generation, industrial, and commercial facilities located in the Northeast, including New England, New York, New Jersey and the surrounding areas. The company was founded in 1971 by three brothers – Giulio, Angelo and Frederick Cialdea (the “3C’s”) – to service, install and maintain electrical power distribution equipment. Today, the company is led by second generation owner and CEO Jim Cialdea. 3C Electrical is headquartered west of Boston in Westborough, MA (www.three-c.com).
CE Power provides electrical power engineering, testing, and maintenance services to utility power plants, alternative energy facilities, transmission & distribution substations, industrial facilities, and institutional facilities. The company’s core focus is on power systems operating in the 480 volt through 765 kilovolt range. CE Power is led by CEO Bill McCloy and is headquartered in Cincinnati (www.cepower.net).
Mason Wells makes investments in Midwest-based companies with revenues of $25 million to $300 million and EBITDAs of $5 million to $30 million. Sectors of interest include consumer packaged goods; packaging materials and converting; outsourced business services; and engineered products and services. In February 2016, Mason Wells held a final closing of Mason Wells Buyout Fund IV and its related Executive Buyout Fund IV with total commitments of $615 million. Mason Wells was founded in 1982 and is based in Milwaukee (www.masonwells.com).
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