D.A. Davidson & Co. is pleased to announce that it served as exclusive sell-side advisor to PerLectric in its sale to MDU Construction Services Group, a subsidiary of MDU Resources Group, Inc. (NYSE: MDU), a major energy delivery and construction materials and services company. To view the press release, please click here.
PerLectric has been serving the Washington, D.C.-metro area since 1992 as a full-service electrical contracting firm, with more than 3,000 completed projects. The company’s work includes new construction, tenant fit-outs, and renovations for commercial, institutional, educational, retail, hospitality, health care, security systems, and data centers or mission-critical facilities. The company works for both public and private sector clients.
This transaction represents another successful closing for D.A. Davidson’s investment banking group. D.A. Davidson’s industrials practice combines industry knowledge and transaction expertise across the middle market.