DENVER: Middle-market private equity firm HKW has acquired Electric Equipment & Engineering Co. (EEE), a longtime manufacturer of engineered electrical power products serving the power, telecommunications and broadband industries.
Founded in 1922 and based in Denver, EEE designs and manufactures customized AC and DC power distribution products, including switchgear, generator connection boxes, transfer switches and battery disconnects. The company’s products are primarily used in backup power systems and retrofit projects across critical infrastructure sectors.
“HKW shares our mission to provide high-quality power solutions to our customers,” said James Raymond, CEO of EEE. “Their strategic resources and industry expertise will help fuel our growth.”
EEE was previously owned by the third generation of the Morroni family. The financial terms of the transaction were not disclosed.
“EEE continues HKW’s focus on manufacturers of engineered products,” said Laurence Lederer, partner at HKW. “We’re excited to partner with EEE, building on the history of the company as it embarks on its next phase of growth.”
HKW, which has been investing in growth-oriented companies across North America since 1982, targets businesses in the manufacturing, distribution and business services sectors. The acquisition of EEE marks the firm’s latest move to strengthen its portfolio in the engineered products space.