SC&H Capital (“SC&H”), a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Deca, Inc. (“Deca”), has been acquired by Freestate Electric (“Freestate”), a subsidiary of Sojitz Corporation, a publicly traded company on the Tokyo Stock Exchange (TYO:2768).
Founded in 1967, Deca is a trusted provider of electrical contracting services for public and private sector projects throughout the Baltimore and Washington metropolitan area. The company has earned a reputation as one of the most reliable contractors in the region through its impressive body of work on mission-critical projects primarily for the federal government. The acquiror, Freestate Electric, is a specialty contractor and provider of comprehensive electrical construction services in Maryland, Virginia, and Washington, D.C. Led by Chief Executive Officer Tim Miller, Freestate was acquired by Sojitz in 2024 and is seeking to expand its footprint and capabilities with additional acquisitions in the United States.
“The team at SC&H Capital served as an invaluable resource throughout the M&A process,” said Steven Petri Sr., President of Deca. “Their expertise was essential in helping us understand our options, execute an efficient process to find the right long-term partner for our business, and get to the finish line. We are looking forward to joining the Freestate Electric team and continuing to deliver excellent results for our customers.”
“We were pleased for the opportunity to advise Deca and its shareholders on the sale to Freestate,” said Greg Hogan, Managing Director at SC&H Capital. “We continue to see strong demand from buyers in the market for high quality specialty contractors with strong management teams and differentiated capabilities. We are excited for Steven and the Deca team as they partner with Freestate during this next phase of growth.”
About SC&H Capital
SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, capital raises, financial restructurings, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, consumer, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.
