One Rock Capital Partners, a value-oriented, operationally focused private equity firm, is to sell electric and building systems specialist ArchKey Solutions (ArchKey) to an affiliate of 26North Partners.
Financial terms of the transaction, which is expected to close in the fourth quarter of 2024, have not ben disclosed.
Founded through the combination of electrical services firms with decades of history, ArchKey has grown into a national service provider that designs, installs, maintains, upgrades and replaces complex electrical systems, critical building systems and related technologies across the US.
According to a press release, One Rock’s Operating Partners worked closely with management to drive the business’s strategic direction, create an improved go‐to‐market strategy, scale and integrate the Company’s human resources strategy, improve purchasing economies and leverage the scope and scale of a national provider.
Deutsche Bank Securities Inc. and RBC Capital Markets, LLC served as financial advisors to ArchKey on the transaction. Latham & Watkins LLP served as legal advisor to ArchKey.
