Oak Electric, a ShoreView Industries Company, Acquires Great Lakes Electric
February 2025 – Austin, TX. Genz & Associates is pleased to announce the acquisition of Great Lakes Electric by Oak Electric, a portfolio company of ShoreView Industries. Great Lakes Electric is a Northern Ohio-based electrical company that provides services for residential, commercial, and industrial clients, including installation and maintenance of EV charging stations, generators, and lighting. The company has been serving the area for over 25 years and is known for professional and efficient service.
Oak Electric is an electrical and mechanical services company that provides a range of electrical, solar, and backup generator services for residential and commercial clients. They also offer plumbing and HVAC work and are known for their large-scale solar installations and Tesla Powerwall integrations.
ShoreView Industries is a Minneapolis-based private equity firm that invests in middle-market, family or entrepreneur-owned companies across sectors such as manufacturing, industrial services, business services, and distribution. The firm generally targets companies with revenues between $20–300 million and provides capital and strategic support for buyouts, recapitalizations, and buy-and-build strategies.
Genz & Associates was engaged by Oak Electric and ShoreView as their buy-side advisor to assist in executing a focused buy-and-build strategy. This transaction originated from Genz & Associates’ proven approach, which combines a proprietary research platform, a disciplined M&A process, and the expertise of its dedicated team.
About Genz & Associates:
For almost fifteen years, Genz & Associates has been a trusted buy-side M&A advisor and partner to leading private equity firms, family offices, and corporate acquirers in executing thesis-driven investment strategies for initial platform investments, strategic add-on acquisitions, and buy-and-builds. We leverage our relationship-driven approach, proven process and proprietary technology to help investors build great companies while providing business owners and executives with a path to realize the value they’ve created through years or decades of hard work. For more information, visit https://genzassociates.com/
