Houlihan Lokey Advises ICS
Houlihan Lokey is pleased to announce the acquisition of Industrial Construction Services Holding, LLC (ICS), a portfolio company of Stone Arch Capital (Stone Arch), by Stellex Capital Management (Stellex).
ICS delivers a comprehensive suite of mission-critical electrical solutions to support customers’ operations and ensure reliability across their sites. The company’s service capabilities include design solutions, industrial installations, in-plant service and maintenance, outage planning, low-voltage and medium-voltage cable and terminations, energy management, pipeline integrity, generator installation and maintenance, control systems installation, and repair. Through consistent execution and reliable service, ICS has built a strong reputation across diverse sectors, including industrial, food, heavy commercial, healthcare, energy and power, and institutional. The company uniquely combines the specialized capabilities and technical expertise of a large-scale provider with the agility and responsiveness of a local partner serving throughout the Southern United States. With strategically located facilities across Florida, Alabama, Texas, Arkansas, Louisiana, Tennessee, and North Carolina, ICS deploys its skilled workforce of more than 1,300 professionals to serve customers in their core regions while maintaining a team of traveling technicians to support customers nationwide. Through its customer-centric approach and strong track record, ICS serves as a trusted long-term partner to many of the region’s leading organizations, helping them maintain and upgrade their critical electrical infrastructure while minimizing operational disruptions.
Stone Arch is a Minneapolis-based private investment firm that targets control investments in niche market leaders with revenue between $20 million and $150 million across various industries.
With offices in New York, Pittsburgh, Detroit, and London, Stellex is a private equity firm with more than $3.9 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insights, and access to capital. Sectors of particular focus include aerospace, defense and government services, transportation and logistics, manufacturing, real economy and business services, industrial tech, food processing, and tech-enabled services.
Houlihan Lokey served as the sole financial advisor to ICS and Stone Arch and assisted in initiating, structuring, and negotiating the transaction on their behalf. This transaction underscores Houlihan Lokey’s success and preeminent position advising leading companies in technical facility services.
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