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Private equity firm partners with JCL Energy

A private equity firm in Houston has invested in JCL Energy, a Sharon, Pa.-based company that distributes pad-mounted transformers and associated electrical equipment across several markets.

Allied Industrial Partners LLC announced the investment Tuesday that, according to its co-founders, provides “significant capital growth” for JCL Energy to “continue its expansion trajectory.”

“As we have done with our previous portfolio companies, we will actively grow the business utilizing a range of value creation initiatives, including the acquisition of strategic add-ons,” Bradford Rossi and Philip Wright, managing partners and co-founders of Allied Industrial Partners, said in a news release.

Terms of the transaction were not disclosed. JCL Energy’s founder and chief executive Jim Landino will continue to lead the company, and its founding team “will retain meaningful ownership” in the partnership, the release states.

JCL Energy sells, rents and services pad-mounted and substation transformers for a diverse range of end markets, including commercial and industrial facilities, electrical contractors, renewables, utilities and data centers across the United States. It was founded in 2020.

The company’s Sharon, Pa., location is its headquarters, but it recently opened a new facility in Greenville, South Carolina, to “enhance operations and deliverability” in the Southeast, the release states. It also has an operation in Texas.

Founded in 2019, Allied Industrial Partners is a lower-middle market private equity firm that invests in high-growth companies within various industrial subsectors, including industrial rentals, manufacturing, distribution, environmental services, and critical infrastructure.

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