Hastings Equity Partners’ Interest Acquisition of MKD Electric

Locke Lord LLP advised Hastings Equity Partners on the deal.

Hastings Equity Partners (Hastings), a preferred capital partner to founders of lower, middle-market businesses announced its fourth Fund IV platform investment: MKD Electric, Inc. (“MKD”).

Based in Elgin, Illinois, MKD is one of the nation’s leading full-service industrial automation and electrical service platforms with a 25-year history of safety, high quality service, and exceptional performance. MKD provides engineering, design, installation, automation, instrumentation, emergency response, and ongoing maintenance services for complex electrical systems. MKD serves a blue-chip customer base with a diversified end market reach focused on the e-commerce, utility grade solar, industrial manufacturing, and chemical processing sectors. With a large workforce of highly trained personnel, MKD is well positioned to meet the demanding technical needs of its customers.

Locke Lord LLP provided legal counsel to Hastings and financing was provided by Graycliff Partners.

The Locke Lord team was led by Mike Newquist (Picture). Additional assistance was provided by Lori Basilico and Jen Lisi (both of Providence), Julie Dziobak, Mike Harrison and Natalie Jersak (all of Boston), Will Becker, Susan Rainey, Robin Shaughnessy and Stephanie McDermott (all of Dallas), Jaremi Chilton (San Francisco) and Jordon Ferguson (Los Angeles).

Involved fees earner: Lori Basilico – Locke Lord; Will Becker – Locke Lord; Jaremi Chilton – Locke Lord; Juliane Dziobak – Locke Lord; Jordon Ferguson – Locke Lord; Michael Harrison – Locke Lord; Natalie Jersak – Locke Lord; Jennifer Lisi – Locke Lord; Stephanie McDermott – Locke Lord; Michael Newquist – Locke Lord; Susan Rainey – Locke Lord; Robin Shaughnessy – Locke Lord;

Law Firms: Locke Lord;

Clients: Hastings Equity Partners LLC;

Author: Martina Bellini