Calder Capital is pleased to announce the successful sale of BCU Electric, based in Ashland, Ohio, to Meptagon Group.
BCU Electric, founded in 1990, specializes in electrical project design, installations, and maintenance services. The company offers turn-key solutions in wiring, material handling, security, automation, and engineering. After completing an electrical apprenticeship and spending 12 years as a journeyman, founder Ben Uselton launched the company with his wife, Brenda Uselton, who serves as CFO. Nearing retirement, Ben engaged Calder’s Sell-Side Team to initiate a transition while ensuring BCU Electric remained in capable hands.
“Building BCU Electric from the ground up has been one of the most fulfilling experiences of my career,” said Ben Uselton. “This company has grown beyond my expectations, and I am thrilled to see it continue under the leadership of Meptagon Group. Their expertise and global presence will bring new opportunities to BCU Electric, and I am confident that our team and customers are in good hands.”
Meptagon Group, a global provider of industrial engineering, project management, and construction services, has been expanding its footprint in Europe and the United States. With this acquisition, Meptagon Group plans to integrate BCU Electric’s operations while maintaining its high level of service and workforce continuity.
“We are excited to welcome BCU Electric to the Meptagon Group family,” said Liav Knaffo, Chief Financial Officer of Meptagon Group. “The company’s dedication to quality and innovation and its DNA aligns perfectly with our values, and we look forward to leveraging our combined expertise to further expand our reach in the U.S. market.”
Calder Capital’s Matt Baas and Sam Scharich served as the lead Mergers and Acquisitions Advisors and were aided by their Calder Capital colleague, Jakob Simonds.
Calder’s Sell-Side Team attracted significant interest nationally and internationally, resulting in 281 CIMs sent to qualified buyers and multiple competitive offers received before selecting Meptagon Group as the ideal buyer. Calder generated interest in the deal from prospective buyers from the United States, Israel, Canada, and Poland. During the transition, Meptagon Group intends to make internal promotions, allowing Brenda and Ben Uselton to retire while ensuring continuity in the company’s leadership.
“Navigating an international acquisition comes with unique complexities, but Calder Capital’s knowledge, structured process, and attention to detail gave us confidence every step of the way,” said Meptagon Group’s CFO, Liav Knaffo. “Their expertise in cross-border transactions, ability to anticipate challenges, and commitment to a seamless transition were instrumental in making this deal a success. We greatly appreciate their professionalism and insight throughout this process.”
“Calder Capital did an outstanding job by presenting us with multiple high-quality buyers with strong offers,” said Ben Uselton. “We appreciated their professionalism and expertise throughout the process.”
“This was an outstanding outcome for BCU Electric and the Useltons,” commented Matt Baas. “Finding the right buyer who aligns with the company’s values and has the ability to take it to new heights was our top priority. We are proud to have facilitated this successful, international transition.”
“We are honored to have represented BCU Electric and the Useltons in this sale,” noted Max Friar, Managing Partner of Calder Capital. “This transaction exemplifies the value that Calder Capital brings to lower middle-market businesses – identifying highly qualified buyers worldwide and structuring deals that benefit all parties involved. Meptagon Group is a perfect fit for BCU Electric, and we look forward to seeing the company continue its success.”
Calder Capital served as the exclusive sell-side Mergers & Acquisitions Advisor to Ben and Brenda Uselton in the sale of BCU Electric. Legal counsel for the sellers was provided by Clint Leibolt of Critchfield, Critchfield & Johnston, Ltd., and Steve Irwin of Irwin Financial Associates served as the seller’s CPA. The buyer was represented by Bill Caps of Jeffer Mangels Butler & Mitchell LLP as legal counsel and Baker Tilly as CPA.
About BCU Electric
BCU Electric is an Ashland, Ohio-based electrical contracting firm specializing in project design, professional installations, and maintenance services. The company provides turnkey solutions across wiring, conveyor and material handling, security, automation, and engineering. With a commitment to quality and a highly skilled team, BCU Electric has established itself as a trusted partner for businesses nationwide. To learn more, please visit https://www.bcuelectric.com.
About Meptagon Group
Meptagon Group is a global leader in industrial engineering, project management, and construction services. With operations across Israel, Europe, and the United States, the company specializes in delivering innovative solutions for a wide range of industries. Meptagon Group focuses on quality, safety, and efficiency, ensuring top-tier service to its clients worldwide. To learn more, please visit https://meptagon.com.
About Calder Capital
Founded in 2013, Calder Capital, LLC is a lower middle-market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations. To learn more, please visit http://caldergr.com.
