Graycliff Partners Announces Credit Investment in MKD Electric

Graycliff Partners LP announced it has provided a unitranche credit investment in support of Hastings Equity Partners’ majority recapitalization of MKD Electric.

Based in Elgin, IL, MKD is one of the nation’s leading full-service industrial automation and electrical service platforms with a 25-year history of safety, high quality service, and exceptional performance. MKD provides engineering, design, installation, automation, instrumentation, emergency response, and ongoing maintenance services for complex electrical systems. MKD serves a blue-chip customer base with a diversified end market reach focused on the e-commerce, utility grade solar, industrial manufacturing, and chemical processing sectors. With a large workforce of highly trained personnel, MKD is well positioned to meet the demanding technical needs of its customers.

“MKD has a long history of delivering exceptional services and expanding into new end markets. We look forward to working with Hastings and the MKD team to help them build upon their success”, said Brian O’Reilly, Managing Director, Graycliff Partners.

“We are excited to have Graycliff as our new financing partner. Their team has been thoughtful, responsive, and transparent throughout the deal process, and were able to close the transaction according to our expedited timeline,” said Marco Rodriquez, Director, Hastings Equity Partners.

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on making lower middle market investments. Through dedicated equity and credit funds, Graycliff seeks to invest in companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion.

Graycliff Partners’ dedicated credit platform manages over $650 million of committed capital and provides financing solutions to lower middle market companies with $3 million to $40 million of EBITDA.

Graycliff is actively seeking new opportunities to deploy capital via unitranche debt, subordinated debt, or minority equity. Please reach out to anyone on the Graycliff team – we are happy to discuss new potential opportunities.