Electrical Businesses
For Sale

The U.S. electrical contracting market hit $255 billion in 2024 (Cascade Partners), with M&A volume surging to 140 deals — a 13% year-over-year increase (Cascade H2 2025). PE firms now control 67% of transactions, chasing data center exposure and recurring service revenue. The thesis is simple: 81,000 electrician job openings annually (BLS) versus limited supply creates structural labor scarcity that supports pricing power and premium valuations for established contractors. AI infrastructure is the rocket fuel. McKinsey projects 20-25% annual data center capacity growth through 2030, with U.S. construction spending hitting a $170B+ run-rate by late 2025. Add in EV charging mandates (93% of contractors took EV work in 2024 per EC&M), grid modernization, and commercial electrification — and you have multi-year project pipelines insulating contractors from housing slowdowns. Valuations reflect the demand: $2M-$5M revenue shops trade at 2.5x-3.2x SDE, while $8M+ EBITDA platforms command 7.8x (Cascade). Electrical contractors get a 15-20% premium over other specialty trades (BMI Mergers), driven by recurring maintenance contracts and labor moats. Strategic buyers like EMCOR ($865M Miller Electric acquisition, Jan 2025) are competing aggressively with PE for quality assets.