Evolution Strategy Partners Announces Acquisition Of Amped Electric

Bolstering Residential and Commercial Electrical Services in South Carolina

Evolution Strategy Partners (“Evolution”), a differentiated private equity firm focused on infrastructure and essential businesses, is pleased to announce the successful partnership with Amped Electric (“Amped”), a leading electrical service contractor in Greater Charleston and Myrtle Beach, South Carolina. With a shortage of skilled electrical contractors coupled with the region’s explosive residential and commercial demand, Amped has successfully grown to meet the need for diversified electrical services for new construction projects, renovations and general service.

Amped has equally built a solid reputation for delivering high-quality electrical solutions with a focus on excellence, reliability, and innovation for single-family and multi-family residential and commercial clients. With the capabilities to work on jobs that small contractors cannot and projects that larger competitors cannot effectively bid or service, Amped Electric has become a trusted partner for businesses and residential clients seeking reliable electrical services tailored to their unique needs.

This strategic acquisition marks a significant milestone in Evolution’s commitment to expanding its investment in the infrastructure sector with a new geographic presence in the southeastern United States. Evolution has now invested $125M into those investments in the last four years alone.

“We are thrilled to welcome Amped Electric to the Evolution family,” said Stenning Schueppert, Managing Partner of Evolution. “Mike and his team’s proven track record of excellence and commitment to client satisfaction perfectly complement our goal to advance best-in-class infrastructure business solutions across America. This acquisition represents a significant opportunity for us to help expand Amped’s service capabilities and geographic footprint so they can better serve the needs of clients in South Carolina and beyond.”

Amped Electric will operate as an independent portfolio company of Evolution, maintaining its existing brand identity and leadership team. Clients can expect the same exceptional service and dedication to quality that they have come to rely on, now backed by the resources and expertise of Evolution.

“We are excited to join forces with Evolution Strategy Partners,” said Michael Jannace, Founder and CEO of Amped Electric. “This partnership will enable us to leverage synergies and resources to better serve our clients and pursue new opportunities for growth. Together, we will continue to uphold the highest standards of excellence in delivering electrical solutions that exceed our clients’ expectations.”

Equity for the transaction was provided by Evolution. Morgan, Lewis & Bockius provided counsel and Purpose Equity Group advised Michael Jannace on the transaction. Terms of transaction were not disclosed.