MKD Electric Expands to the Pacific Northwest With Sea-Tac Electric Acquisition
BOSTON, April 16, 2025 - Hastings Equity Partners ("Hastings"), a preferred capital partner to founders of lower middle market businesses, is pleased to announce that its portfolio company MKD Electric, LLC ("MKD") has acquired Sea-Tac Electric ("Sea-Tac"), a Seattle-based electrical contractor.
This acquisition supports MKD's ongoing objective to grow both organically and through acquisitions, adding a new physical footprint on the west coast, and solidifying its position as one of the nation's largest non-union electrical contractors.
About Sea-Tac Electric
Established in 1987, Sea-Tac is a full-service electrical company offering:
- Electrical design
- Construction & installation
- Voice & data structured cabling integration
- Back-end service & maintenance
The company serves customers throughout the Pacific Northwest and has developed a leading reputation as the "go-to-provider" in the grocery and manufacturing sectors. Sea-Tac also has extensive experience executing retail, healthcare, and general industrial projects.
Since the late 1980's, Sea-Tac Electric has specialized in numerous aspects of electrical construction with a strong emphasis on design-build and fast-track projects. Their flexibility and ability to perform difficult and logistically challenging projects is a trademark for the organization.
For more information, visit https://seatacelectric.com/
About MKD Electric
Based in Elgin, Illinois, MKD Electric is one of the nation's leading full-service merit shop industrial electrical contractors, specializing in:
- Automation & controls
- Systems integration
- Electrical testing
MKD focuses on key markets such as data centers, food processing, logistics, and manufacturing, and is dedicated to delivering best-in-class services to its customers nationwide.
Leadership Statements
Ed Maslak, CEO of MKD Electric: "We are very excited to welcome Sea-Tac into the MKD family of companies. Sea-Tac gives us our first physical presence out west, further expanding the reach of the MKD platform and allowing us to service our multi-state customers from coast-to-coast. The Company has built a strong reputation in the Pacific Northwest market, which can only be attributed to their impressive management and field team. We believe this acquisition will further enhance our breadth of services and will provide yet another building block for continued growth in 2025 and beyond."
Grant Reckhow, Principal at Hastings Equity Partners: "The acquisition of Sea-Tac further expands MKD's geographic reach and adds several new high-visibility customers to the platform. We look forward to seeing the growth that these two companies can achieve under one roof."
About Hastings Equity Partners
Founded in 2004, Hastings Equity Partners is a lower middle-market private equity firm. Hastings invests first institutional capital in North American founder-led companies within the industrial and business services sectors, where it has deep operating and investing experience.
As a preferred capital partner, Hastings seeks to empower businesses to reach their full potential. For almost two decades, the firm has formed long-term partnerships with entrepreneurs while utilizing a hands-on approach to enhance operations, provide strategic support, and accelerate growth.
For more information, visit https://www.hastingsequity.com/