HKW Acquires Electric Equipment & Engineering Co.

July 03, 2025 at 08:00 AM EDT

HKW, a middle market private equity firm focused on growth companies, has acquired Electric Equipment & Engineering Co. (“EEE”).

EEE is a manufacturer of highly engineered electrical power products that meet the needs of its customers in the power, telecommunications and broadband industries.

“HKW shares our mission to provide high quality power solutions to our customers,” said James Raymond, CEO of EEE. “Their strategic resources and industry expertise will help fuel our growth.”

“EEE continues HKW’s focus on manufacturers of engineered products,” says Laurence Lederer, Partner at HKW. “We’re excited to partner with EEE, building on the history of the company as it embarks on its next phase of growth.”

The financial terms of the transaction were not disclosed.

About Electric Equipment & Engineering Co.

Electric Equipment & Engineering Co. is a designer and manufacturer of electrical power distribution products for various end markets, including data centers, telecommunications, broadband, and utility infrastructure. The Company was founded in 1922 in Denver, Colorado, and was owned by the third generation of the Morroni family before the transaction closed. The Company manufactures customized/configured AC and DC power products, including switchgear, generator connection boxes, transfer switches, and battery disconnects. The majority of EEE products are used in backup power systems and are related to retrofits of existing facilities.

About HKW

HKW is a middle-market private equity firm investing in companies with talented management teams in the US and Canada. HKW targets companies in the manufacturing, distribution and business services sectors. Since 1982, HKW has sponsored 71 platform transactions of lower middle-market companies throughout North America and 80 add-on acquisitions. For more information on HKW, please visit hkwinc.com .

Advisors

Taft Stettinius & Hollister LLP served as legal advisor to HKW. Class VI Partners served as financial advisor to EEE. Barings and Siguler Guff provided financing for the transaction.

About Barings

Barings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of March 31, 2025

About Siguler Guff

Siguler Guff is a multi-strategy private markets investment firm with over $16 billion of assets under management and more than 25 years of investment experience. Siguler Guff seeks to generate strong, risk-adjusted returns by focusing opportunistically on market niches. Siguler Guff's core investment strategies include small business, opportunistic credit, real estate and emerging markets. Siguler Guff's investment products include direct investment funds, multi-manager funds and customized separate accounts targeting specific areas of compelling opportunity.