One Rock Capital Partners Completes Archkey Solutions Investment
One Rock Capital Partners completed its previously announced investment in ArchKey Solutions, a provider of electrical and technologies contracting and services. One Rock’s stake in ArchKey was acquired from funds managed by the GFI Energy Group of Oaktree Capital Management.
Tony W. Lee, Managing Partner of One Rock, said: “We are excited to partner with the Company in its next phase of growth. ArchKey is renowned for its unmatched execution capabilities across complex projects, and we look forward to working closely with the Company and our Operating Partners to build upon ArchKey’s market leadership position.”
ArchKey will continue to be led by its existing management team, including Clay Scharff, President and Chief Executive Officer, and Patrick Kriegshauser, Executive Vice President and Chief Financial Officer.
One Rock Managing Partner R. Scott Spielvogel added, “Clay, Pat and the highly experienced team at ArchKey have built an impressive platform serving a diverse set of end markets. We are eager to begin working with management to build on the Company’s success and deliver excellence to clients as only ArchKey can.”
“ArchKey is widely recognized as the preeminent national electrical contractor, with a long track record of safe, efficient and profitable performance,” said Ian Schapiro, Managing Director and Portfolio Manager at Oaktree. “We thank Clay, Pat and the entire ArchKey team for their partnership over the past several years and for their immense efforts and outstanding results. We see tremendous opportunities ahead for ArchKey and look forward to seeing the business continue to grow and prosper with One Rock’s support.”
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