Vernal, UT – June, 24, 2013 – Silver Sail Capital, LLC (“SSC”) and 3P Equity Partners, LLC (“3P”, and together with SSC, “S3”) have announced the joint investment in C&G Electrical, LLC (CG). The terms of the transaction were not disclosed. S3 is excited to work with the management team and plans to provide additional resources and growth capital to the company. The additional capital will allow the business to expand its geographic reach as well as its product offering, allowing the company to continue on its high growth trajectory.
CG is a leading provider of electrical services and power equipment primarily to the oil and gas industry, as well as to the commercial and residential construction sectors. Operating out of eight locations in Utah, North Dakota, New Mexico, Texas, Wyoming, and Colorado, CG is well known for its dependable and timely customer service to many of the region’s Fortune 500 companies. With its one-stop-shop approach to providing certified electrical expertise with its fleet of rental equipment, CG is uniquely positioned to deliver on its customers’ mission-critical objectives. The company currently has over 35 employees and manages a fleet of over 300 power generators, light towers, transformer racks and other industrial-grade power equipment.