CAI Capital Partners’ Acquisition of Midwestern Electric

Wiggin and Dana represented Midwestern Electric in connection to its sale to CAI Capital Partners.

Midwestern Electric has been sold to CAI Capital Partners.

Midwestern Electric is a leading infrastructure services provider with a particular focus on providing specialty electrical services to the municipal and state owners of traffic infrastructure in the U.S. Midwest.

Headquartered in East Chicago, Indiana, the Company maintains and installs traffic signals, streetlights, intelligent transport systems and other electrical systems across Indiana and parts of Illinois. MWE is led by Ryan Rentschler, Ryan Lepper and Lenore Obajtek who have each retained a meaningful equity interest in the Company and will continue in their current leadership roles.

CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian lower middle market. Over three decades, CAI has invested over C$1.5 billion of equity capital into companies across North America.

The Wiggin and Dana team included Partners William Perrone (Picture, M&A), Scott McClure (Tax), Michael Lipp (Real Estate), Christian Chandler (Employee Benefits) and Associates R.J. Kornhaas and Daniel Nambiar. 

Involved fees earner: Christian Chandler – Wiggin & Dana-Nh ; Robert Kornhaas – Wiggin & Dana-Nh ; Michael Lipp – Wiggin & Dana-Nh ; Scott McClure – Wiggin & Dana-Nh ; Daniel Nambiar – Wiggin & Dana-Nh ; William Perrone – Wiggin & Dana-Nh ;

Law Firms: Wiggin & Dana-Nh ;

Clients: Midwestern Electric;

Sonia Carcano

Author: Sonia Carcano