Holland & Knight represented Madison River Capital on the completion of a $190 million recapitalization of and $70 million equity investment in JDC Power Systems, a leading electrical systems integrator exclusively serving the data center market. The deal was announced on July 11.
Madison River Capital, based in New York, is a lower middle-market private equity firm that invests across a variety of industries, with a focus on healthcare services, industrials and business services, and employs a seasoned team of operating executives with industry-specific cross-functional expertise to assist Madison River Capital’s portfolio companies.
Headquartered in Armonk, New York, JDC Power Systems provides comprehensive technical services including engineering, procurement, equipment startup and installation oversight, ensuring reliability and efficiency in data center construction and operations.
Holland & Knight’s representation of Madison River Capital was led by Partners Christopher Froelich and Aaron Slavens and Associates Francesco Salpietro and Malorie Eisenbrei. They were assisted by Partners Daniel Barsky, Brandon Bloom, John Dierking, Marc Druckman, Christine Fuqua Gay, Stephen Humes, Kerry Kehoe, Arthur Lotz, Leslie Vaughn Mahre and Eric Rubin, Senior Counsel Jose Almanzar and Associates Jiyeon Barta, Mark Lennon, Emily Nguyen, Amir Saboorian and Benjamin Tyler.
More information on the transaction can be found here.
Recently recognized as the Private Equity Law Firm of the Year by Global M&A Network, Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG (formerly Refinitiv), Mergermarket, PitchBook and The Deal. In 2023, the firm ranked among the top 5 most active law firms in the U.S. and top 10 globally for its work in the space, and ranked among the most active law firms in the country for healthcare private equity transactions. Through the HK Deal Flow℠ program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.
Original source can be found here.