Brightwood Capital Advisors, a private credit firm with over $5 billion in assets under management, has partnered with Wacona Capital to support Wacona’s acquisition of Mid-Atlantic Power Specialists (MAPS). Financial terms of the transaction were not disclosed.
“We are thrilled to partner with Wacona on this transaction,” Kunal Shah, co-head of origination at Brightwood Capital, who will also serve on the board of directors of MAPS, said. “We look forward to supporting MAPS as they continue to provide high-quality electrical services and technological infrastructure to a loyal customer base.”
“Wacona is very excited to partner with Brightwood as we launch the next phase of growth at MAPS,” Joel Carter, managing partner at Wacona, said. “As we begin to execute our strategic plan for this investment, Brightwood’s deep knowledge of the data center industry has been and will be a valuable resource for our team. We look forward to continuing our partnership with the firm on future transactions.”
