FOR IMMEDIATE RELEASE
June 8, 2015
Richmond, VA – Transact Capital Partners is pleased to announce that Blue Bay Technology has acquired Shallow Creek Electrical, a Winchester, VA-based HVAC contractor. Transact Capital served as the exclusive financial advisor to Shallow Creek in closing the transaction.
Shallow Creek Electrical, Inc. was founded in 2005 and provides custom electrical and design-build services to the residential, commercial, and industrial markets. They will continue their tradition of quality work with an extremely knowledgeable support team and experience in many markets. Blue Bay Technology, headquartered in Chantilly, hopes to leverage the combined firms and to continue the growth of the firm and customer base in the Northern Virginia market, creating new employment opportunities and a successful future for the company.
Carol Horne of Shallow Creek Electrical said: “I appreciate what the Transact team did for us. Our company had its ups and downs over the years and did not have sufficient working capital to ‘weather the storm.’ You found the right strategic Buyer that will allow us to substantially grow our business within a larger business model and participate personally in its overall growth.”
Will Sperow of Blue Bay Technology added: “Shallow Creek, with its high voltage, construction oriented, design-build services to the residential, commercial, and industrial markets, was the perfect strategic fit for our low voltage high tech IT business. It gave us a balance for the market place and opens up new avenues for revenue growth. Thanks for all the work you [Transact] did for all of us; find me another company.”
George Sydnor is a Sr. Vice President at Transact Capital and brokered the deal. Sydnor had this to say about the transaction: “I believe that the combined firm is well-positioned for growth in a competitive Northern Virginia market. It was a pleasure working with Carol and Roy to find a buyer who was a strong cultural fit for their company.” Sydnor has over 15 years of mergers & acquisitions advisory experience and over 40 closed transactions. He also has an extensive knowledge of the manufacturing, mining and distribution industries.
Transact Capital Partners is a full-service business brokerage, mergers and acquisitions advisory firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, Orlando, FL, and Central Pennsylvania. Transact focuses on the needs of small privately held companies in the lower middle market with enterprise values under $50 million. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. Security transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about Transact Capital, please call Steve Zacharias at 804-612-7102 or e-mail at Steve@TransactCapital.com.
Transact Capital Partners