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Orange County, CA – Plethora Businesses, a leading M&A advisory firm headquartered in Orange County, California, is pleased to announce the successful sale of RA Electric Inc., a 40 year established electrical contractor, to SunGrid Solutions. Before the sale RA Electric was a subsidiary of Solutionz Inc, owned by Fernandez Holdings, a long-term investment private equity group.
Founded in 1980, RA Electric has been a leading provider of high-quality electrical installations for commercial, institutional, and medical projects. The company has a proven track record of completing diverse projects on time and under budget, with excellent service, competitive quotations, and superior technical support.
SunGrid Solutions, an affiliate of Hull Street Energy, is focused on creating a better energy future by developing energy storage and generation projects ranging from 1MW to 200MW. The company prides itself on working closely with its customers to develop bespoke energy solutions that meet their individual needs. With its team of expert engineers, SunGrid is well-equipped to handle commercial, industrial, and utility-scale integration projects.
“We are pleased to have helped Fernandez Holdings, a successful PEG (private equity group), divest themselves of a business that no longer aligns with their overall strategy,” said George Lanza, CEO of Plethora Businesses. “SunGrid is well-positioned to maximize RA Electric’s potential, thanks to their unwavering focus on the energy sector.”
The acquisition of RA Electric by SunGrid Solutions represents a significant milestone for both companies. Plethora looks forward to more successful deals in the future as it continues to help businesses, family offices and PEGs achieve their strategic goals through M&A transactions and divestitures.
