Chinook Capital Advisors, a leading M&A advisory firm serving the needs of Pacific Northwest business owners, acted as the exclusive advisor to Sea-Tac Electric, Inc. in its acquisition by MKD Electric, a portfolio company of Hastings Equity Partners.
Sea-Tac Electric, headquartered in Milton, WA, is a leading regional full-service commercial electrical contractor offering electrical design, construction & installation, voice & data structured cabling integration, and back-end service & maintenance for customers throughout the Pacific Northwest. The acquisition gives MKD a new physical footprint on the West Coast solidifying its position as one of the nation’s largest non-union electrical contractors.
“For nearly 40 years Sea-Tac Electric has built a strong reputation as a leading electrical contractor in the Puget Sound region. Chinook conducted a comprehensive search to find the right partner that would help strengthen our service offering in the region, and MKD Electric is the perfect partner to continue to enhance our capabilities and reputation.” commented Tom Hargreaves, CEO of Sea-Tac Electric. “Chinook really understood our goals and was able to negotiate terms that were favorable to all parties, and I would highly recommend them to other business owners considering a sale of their business.”
“It was a pleasure to work with the shareholders of Sea-Tac Electric. Sea-Tac has a long-standing reputation as a go-to electrical contractor in the Pacific Northwest, and the partnership with MKD Electric helps to strengthen the Sea-Tac’s market position and provide exciting opportunities for the Company’s employees”, commented Ed Kirk, Co-Founder of Chinook Capital Advisors.
“MKD is a great fit for Sea-Tac to continue its impressive growth, providing the scale and expertise of a national footprint to further Sea-Tac’s service offering for its diverse customer base”, added John O’Dore, Co-Founder of Chinook Capital Advisors.
ABOUT CHINOOK CAPITAL ADVISORS:
Chinook Capital Advisors, based in Kirkland, WA, is a leading M&A advisory firm serving the needs of Pacific Northwest business owners. We help businesses prepare for and execute business ownership transition events.
Our expertise includes sell-side advisory/seller representation services, recapitalizations, advisory board/transaction preparation services, and other services including business valuation and debt advisory. Chinook serves many of the key industries that drive the Pacific Northwest economy, including manufacturing, distribution, business services, technology, healthcare products & services, and consumer products & services.
Chinook Capital Advisors is a member firm of the Alliance of International Corporate Advisors (AICA), a global network of leading middle-market M&A advisory firms that provides clients with local access to buyers, investors, and acquisition targets around the world.
We welcome inquiries from business owners wanting to discuss business valuation, M&A market updates, or how to build value towards a future exit or recapitalization.
