SPATCO Energy Solutions, a provider of infrastructure services and turnkey solutions for petroleum fueling, environmental and electric-vehicle (EV) charging market segments, has completed the acquisition of K&K Electric Inc., an electrical services company specializing in the petroleum and EV industries.
Sanford, Florida-based K&K Electric provides a full range of electrical services and equipment to petroleum, EV, commercial and industrial customers across the southeastern United States with a concentration in Florida where the company operates four locations.
“K&K Electric has collaborated with SPATCO for many years, and we are elated to welcome them to the SPATCO family. We can now provide a more seamless client experience bringing a greater value to our petroleum customers and better support the adoption of electrical vehicle infrastructure throughout our geographical footprint,” said John Force, president and CEO of SPATCO.
Chris Ferrara, president of K&K Electric, will join the SPATCO executive leadership team and continue to oversee electrical operations in the state of Florida.
“Joining the SPATCO team and combining these two organizations will greatly benefit the employees and customers we serve,” he said. “Together we will be able to expand the quality of our service offerings and accelerate our combined growth.”
The combined company will now have nearly 1,000 employees in 16 states and more than 30 offices.
Kian Capital, Atlanta, is SPATCO’s lead investor along with co-investors RF Investment Partners, Apogem Capital and New Canaan Funding. Robinson, Bradshaw & Hinson, P.A. acted as Kian’s legal advisor, and Byline Bank provided financing for the transaction.
Charlotte, North Carolina-based SPATCO is a single-source supplier, installer and maintenance provider of liquid handling equipment for petroleum, industrial, diesel exhaust fluid (DEF) and EV charging. Its customer base includes national and regional convenience-store operators, major oil companies, commercial fleet and military fueling facilities, trucking companies, regional oil jobbers and commercial bulk petroleum plants.
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