Lafayette Square provided debt and equity capital to support Mosaic Capital Partners’ investment in IE Group Holdings, a San Diego-based electrical contractor serving mission-critical industries, through a newly formed employee stock ownership plan (ESOP).
“Since our founding, Ickler’s success has been driven by our employees’ dedication and commitment to excellence,” Randy Minnier, president and CEO at Ickler Electric, said. “Being able to partner with Mosaic and Lafayette Square, both of which are deeply focused on worker wellbeing, to facilitate an employee ownership model while bringing in additional resources to support our clients is a win-win-win situation.”
“Ickler Electric has established itself as a trusted partner to companies operating mission-critical facilities,” Vishnu Amin, managing director at Lafayette Square, said. “By engaging its clients early in the design phase, Ickler ensures delivery of tailored power systems that maximize efficiency and protect against unplanned facility interruptions. We are excited to support Randy and his fellow employee owners during this next stage of growth.”
