Allied Services Group (“Allied”) Acquires Substations, Inc. (“SSI”), Expanding Its Service Capabilities Into Texas

BOSTON–(BUSINESS WIRE)–Allied Services Group (“Allied”), a platform company of the investment firm Bear Castle Capital (“Bear Castle”), has acquired Substations, Inc. (“SSI”). Allied is a market-leading contractor for a wide array of electrical solutions. At present, Allied serves a diverse customer base across five states in the Western and Southern United States.

Founded in 2013, SSI specializes in high voltage substation and switchyard installation, modifications and maintenance services at voltages up to 500 KV. The Company has a diverse customer base across the power and energy sectors.

“SSI has brought its outstanding workforce and leadership into our family of companies,” said Robert B. Lane, Founder & Chief Executive Officer of Allied. “The Company has consistently demonstrated elite operational execution and has a remarkable reputation in one of the fastest growing markets in the nation. Our entire team at Allied is extremely proud that SSI has decided to partner with us in their journey to become one of the largest electrical service providers throughout the South-Central region.”

Jennifer F. Fish, Co-Founder & Managing Partner at Bear Castle, noted, “We are excited to announce the closing of the SSI acquisition, extending our family of companies and lines of business into the South-Central United States. The electrical services industry provides many growth possibilities and SSI is well positioned to take advantage of the opportunities. We are confident that this will be a strong partnership.”

Robinson Bradshaw acted as M&A legal counsel and Jackson Walker LLP acted as corporate and financial legal counsel to Bear Castle.

About Allied Services Group
Allied Services Group (“Allied”), one of the largest privately held providers of specialty construction services in the United States, is a leader in the designing, building and maintaining of electrical systems. Allied invests heavily in providing best-in-class training and industry-competitive benefits for its employees and delivering high-quality service to its customers. Allied is rapidly expanding its national footprint.

About Bear Castle Capital
Bear Castle Capital (“Bear Castle”) is the leading private building industry-focused private investment firm. Founded by Robert B. Lane and Jennifer F. Fish in 2021, Bear Castle is building America by investing in innovation and empowering industry entrepreneurs as they work to solve the building needs of our changing world.

Contacts

Robert B. Lane
Co-Founder & Managing Partner
Bear Castle Capital
rlane@bearcastle.com
www.bearcastlecapital.com