JCL Energy Secures Private Equity Investment from Houston Firm

SHARON, Pa. – JCL Energy, a distributor of pad-mounted transformers and a variety of other electrical equipment, has received a strategic investment from Allied Industrial Partners LLC, a private equity firm based in Houston, the companies announced.

Jim Landino, founder and CEO of JCL, will continue to operate the business in Sharon. Terms of the transaction were not disclosed.

“We are thrilled to be working with Allied in this next phase of our growth. JCL is known for our problem-solving abilities and customer service, and we take pride in our first-class team and long-standing industry relationships,” Landino said. “With Allied’s deep experience and additional resources, our company is poised for continued growth as market needs evolve.” 

JCL sells, rents and services pad-mounted and substation transformers for a diverse range of end markets, including commercial and industrial facilities, electrical contractors, renewables, utilities and data centers across the United States. The company recently opened a new operating facility in Greenville, S.C., to enhance operations and deliverability in the Southeast, and has additional operations in Texas.

“We are excited to partner with Jim, a 30-year industry veteran, and his experienced team to build a platform critical to electrical infrastructure and power supply,” Bradford Rossi and Philip Wright, co-founders and managing partners at Allied, said in a statement. “Aging infrastructure, shifting supply and demand dynamics, and an array of new customers on the grid are driving rapid changes in energy infrastructure, and we believe JCL presents an attractive investment opportunity to take advantage of those trends,” they said. “We are delighted about our partnership with the founding team.”

Founded in 2019, Allied Industrial Partners is a lower-middle market private equity firm that currently has more than $500 million of assets under management. The firm thematically invests in high-growth companies within various industrial subsectors, including industrial rentals, manufacturing, distribution, environmental services and critical infrastructure.

Published by The Business Journal, Youngstown, Ohio.