TL;DR
Loenbro, backed by Kohlberg, has acquired Prism Electric, an electrical contractor with a strong presence in Texas and Oklahoma, in its largest acquisition to date. The acquisition significantly scales Loenbro's workforce and expands its footprint across the Southern United States.
Loenbro, which is backed by Kohlberg, has acquired Prism Electric, an electrical contractor with a strong presence in Texas and Oklahoma, in what the company describes as the largest acquisition in its history.
Founded in 1994 by Blake Combs, Prism Electric provides electrical construction, maintenance and integrated technology services for data center, healthcare, industrial, aviation and commercial projects.
The company employs approximately 2,500 people, significantly scaling Loenbro’s workforce and expanding its footprint across the Southern United States. Members of Prism’s leadership team will take on operational leadership roles within Loenbro’s South Region.
The acquisition follows Loenbro’s December 2025 strategic partnership with Kohlberg, a middle-market private equity firm, aimed at accelerating its growth and expansion strategy.
Alvarez & Marsal served as due diligence advisor and Evercore as financial advisor to Loenbro, with Godfrey & Kahn serving as legal counsel. Glaucon Partners served as financial advisor to Prism, with Hallett & Perrin serving as legal counsel.
Kohlberg, founded in 1987 and based in Mount Kisco, New York, invests across private equity and credit strategies in healthcare and services companies, and manages approximately $18 billion on behalf of investors globally.
In this story
This story was originally published in PE Hub on September 14, 2026. Burnaze summarizes and links to the original reporting.
Read the full story at PE HubLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.