BOSTON, MA, August 21, 2024 - Hastings Equity Partners (“Hastings”), a preferred capital partner to founders of lower middle market businesses, is pleased to announce that its portfolio company MKD Electric (“MKD”) has acquired JSET Automated Technologies (“JSET”), a Hastings-backed data center services provider and D&L Electric ("D&L"), a Georgia-based electrical contractor.

This transaction, in line with MKD's strategy to grow organically and through acquisition, gives the business further exposure into the data center services market and provides complementary geographic penetration throughout the Southeastern US.

Acquired as a separate Hastings platform in late 2023, JSET (founded in 2020) specializes in building automation systems, installation and repairs, and electronic engineering services for data centers. The company is headquartered in Columbus, Ohio, and serves numerous blue-chip data center clients across the Midwest and Mid-Atlantic.

D&L, based in Covington, Georgia, focuses on design-build electrical work and maintenance for large industrial distribution, logistics, and manufacturing facilities across the Southeastern US. Founded in 2003 by Lee Woodham, D&L has built a respected reputation as the go-to-provider for large, complex electrical needs in the region.

“We are excited to add JSET and D&L to the MKD platform of businesses. These two deals will allow us to expand our market penetration and enhance our geographical coverage as we provide greater services and solutions to our customers,” said Ed Maslak, CEO of MKD Electric. “With the additions of JSET and D&L, MKD is quickly becoming one of the premier non-union providers of electrical services in the country. We look forward to providing continued support to the company during this next exciting phase of growth,” added Grant Reckhow, Principal at Hastings Equity Partners.

With this partnership, MKD is now one of the largest, nationwide non-union electrical contractors in the Country, providing comprehensive solutions for a diverse set of customers.