One Rock Capital Partners, LLC (One Rock) has entered into a definitive agreement to make a significant investment in ArchKey Solutions (ArchKey) alongside the Company’s management team. ArchKey is North America’s premier electrical and technologies contracting and services provider. The transaction, which is subject to customary closing conditions, is expected to be completed in the summer of 2021.
ArchKey is an industry-leading specialty services contractor providing scalable electrical and technologies solutions nationally. The Company operates across a broad set of end markets including data center, commercial, industrial, renewables and healthcare, providing services to general contractors and owner-operators of new and existing facilities. ArchKey employs more than 3,000 team members across 13 office locations nationwide and has performed work in over 3,100 cities.
ArchKey’s management team, led by Clayton Scharff, President and Chief Executive Officer, and Patrick Kriegshauser, Executive Vice President and Chief Financial Officer, are partnering with One Rock in the transaction and will continue in their current roles.
Tony W Lee, Managing Partner of One Rock, comments: “ArchKey’s national capabilities have enabled the Company to scale its offerings and presence, while maintaining the high degree of workmanship and customer service that clients expect. We look forward to working together with management and our Operating Partners to execute on the Company’s growth plan, advance operational best practices and maximise ArchKey’s potential.”
Scharff says: “The need for complex electrical and technologies systems is growing rapidly, increasing the demand for the scalable services that ArchKey is uniquely positioned to provide. We are pleased to have found a like-minded, experienced and supportive partner in One Rock and will leverage the firm’s strategic and operational expertise as we embark on this next phase of growth and build out our Power of Scale platform.”
One Rock Managing Partner R Scott Spielvogel adds: “ArchKey has an exceptional reputation for its comprehensive suite of highly-technical service offerings and robust national capabilities. The Company has a strong foundation of reliable, customer-focused solutions designed for the next generation of increasingly complex projects and we look forward to helping ArchKey prosper in the years ahead.”