Brightwood Capital Partners with Wacona Capital for Acquisition

Brightwood Capital and Wacona Capital Join Forces

Brightwood Capital Advisors, LLC, a notable name in the private credit sector managing over $5 billion in assets, has recently announced an exciting partnership with Wacona Capital, LLC. This collaboration is aimed at supporting Wacona's acquisition of Mid-Atlantic Power Specialists, Inc., commonly known as MAPS. While the financial terms of this significant transaction have not been disclosed, the implications for the industry are noteworthy.

Understanding MAPS and Its Role

MAPS is recognized for its exceptional specialty electrical services, primarily targeting clients in the data center sector. Their expertise lies in the expansion, retrofit, upgrade, and maintenance of crucial digital infrastructure within these centers. Over the years, MAPS has built a solid reputation for not only delivering high-quality technical services but also for outstanding customer care.

Excitement for Future Growth

Kunal Shah, Co-Head of Origination at Brightwood Capital, expressed enthusiasm for this strategic partnership. Shah also mentioned his intent to serve on MAPS' Board of Directors, indicating a strong commitment to the company's future endeavors. He stated, “We are thrilled to partner with Wacona on this transaction and look forward to supporting MAPS as they continue to provide top-tier electrical services.”

Insights from Wacona Capital

Joel Carter, Managing Partner at Wacona, also shared his excitement about this collaboration, emphasizing the importance of Brightwood’s extensive industry knowledge. “Wacona is very excited to partner with Brightwood as we launch the next phase of growth at MAPS,” Carter noted. His remarks highlight the value Brightwood brings to this venture, especially as they execute a strategic plan for enhancing their investment.

About Brightwood Capital Advisors

Brightwood Capital Advisors, established in 2010, has a significant history of successful investments in the middle-market sector. With a focus on providing senior debt capital to businesses that typically generate $5-$75 million in EBITDA, Brightwood operates across various industries including technology and telecommunications, healthcare, business services, transportation and logistics, and franchising.

Investment Approach

This firm prides itself on crafting customized financing solutions, whether partnering with private equity sponsors or non-sponsored businesses. With a dedicated team of over 50 employees, Brightwood expertly manages an impressive portfolio, currently amounting to approximately $6 billion. The firm's headquarters are located in the bustling heart of New York City, and they cater primarily to an institutional investor base.

Commitment to the Future

As Brightwood and Wacona embark on this new collaborative journey, the potential for MAPS to expand and enhance its service offerings looks promising. The combined expertise and resources from both Brightwood and Wacona will likely propel MAPS to new heights in providing crucial electrical services in the fast-evolving landscape of data centers.

Frequently Asked Questions

What is the purpose of Brightwood Capital's partnership with Wacona Capital?

The partnership aims to support Wacona Capital's acquisition of Mid-Atlantic Power Specialists, enhancing their service offerings in specialty electrical services.

What services does MAPS provide?

MAPS specializes in various electrical services focused on data center clients, including expansion, retrofit, upgrade, and maintenance of digital infrastructure.

Who is Kunal Shah?

Kunal Shah is the Co-Head of Origination at Brightwood Capital, who will also serve on the Board of Directors of MAPS.

What is Brightwood Capital known for?

Brightwood Capital is known for investing in middle-market businesses, providing customized senior debt capital solutions across multiple industries.

How does this partnership benefit MAPS?

The partnership brings valuable expertise and resources from both Brightwood and Wacona, helping MAPS to expand its high-quality electrical services and infrastructure.

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