Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, supported ECM Industries in its acquisition of ILSCO.
Headquartered in New Berlin, WI, ECM is a portfolio company of Sentinel Capital Partners. The company is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply and gas utility markets.
ILSCO, based in Cincinnati, is a North American manufacturer of electrical connectors, tools and accessories serving commercial, industrial, utility and OEM customers.
“The acquisition of ILSCO adds an industry-leading brand with best in class power connectors and grounding solutions,” Mike Masino, CEO of ECM Industries, said. “But its real value is with its talented and experienced leadership team that has built deep and impactful customer and channel relationships.”
“This is a very exciting time for ILSCO as we start the next phase of our business with ECM,” Andrew Quinn, CEO of ILSCO, said. “We are very proud of what we have built in our 126-year history and, with our complementary organizations and product lines, we will accelerate our growth and presence in the electrical industry.”
“We are very excited to welcome the ILSCO team to the ECM family,” Masino said. “Bringing the two dynamic organizations together greatly enhances ECM’s position in connecting, grounding and terminating products. In addition, it strengthens our position in the variety of channels and customers we serve.”
“We are thrilled to partner with Sentinel and the management teams of ECM and ILSCO,” Michael Furey, partner of Yukon Partners, said. “The combination of ECM and ILSCO creates a leading platform in the electrical products industry that is well positioned for continued growth.”
Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor-led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions and public-to-private buyouts. Yukon typically invests $10 to $50 million per transaction and currently manages approximately $1.4 billion across four funds.
