JCL Energy LLC (“JCL”) announced that it has been recapitalized with a strategic investment from Allied Industrial Partners (“AIP”). JCL is a leading provider of new and reconditioned distribution and power transformers for commercial and industrial applications across North America. This transaction is the successful culmination of an initiative led by Peloton Advisory LLC.
Headquartered in Sharon, PA and founded in 2020, JCL (www.jcl.energy) has rapidly built a world-class organization serving the vast transformer and associated electrical equipment needs across North America. Through extensive knowledge of the market, experienced employees, strong supplier relationships and a robust investment in the right inventory, JCL is a trusted solution provider for utilities, electrical contractors, renewable developers, and datacenter operators.
“We are excited to partner with Jim, a 30-year industry veteran, and his experienced team to build a platform critical to electrical infrastructure and power supply. Aging infrastructure, shifting supply and demand dynamics, and an array of new customers on the grid are driving rapid changes in energy infrastructure, and we believe JCL presents an attractive investment opportunity to take advantage of those trends. We are delighted about our partnership with the founding team.” said Bradford Rossi and Philip Wright, Co-Founders and Managing Partners at Allied.
“We are thrilled to be working with Allied in this next phase of our growth. JCL is known for our problem-solving abilities and customer service, and we take pride in our first-class team and longstanding industry relationships. With Allied’s deep experience and additional resources, our Company is poised for continued growth as market needs evolve.”, said Jim Landino, Chief Executive Officer & Founder, JCL Energy.
“Peloton’s 10+ year relationship with Jim allowed for a highly customized solution that melded the business need with the specific personal goals of Jim and his team at JCL. We are looking forward to following the success of this strategic partnership.” said John-Michael Girald, Partner at Peloton Advisory.
Founded in 2019, Allied Industrial Partners LLC (www.alliedindustrialpartners.com) is a lower-middle market private equity firm which currently has over $500 million of assets under management. The firm thematically invests in high-growth companies within various industrial subsectors, including industrial rentals, manufacturing, distribution, environmental services and critical infrastructure. Allied seeks to partner with experienced management teams that can benefit from its operational enhancement capabilities and its active, hands-on involvement, which allows the firm to execute on buy and build strategies. The firm is headquartered in Houston, TX.
Peloton Advisory LLC (www.pelotonadvisory.com) provides M&A advisory to highly successful, privately-owned entrepreneurial companies and their owners.
