HYLAN’s Management Team Takes Majority Stake

April 12th, 2024 by · Leave a Comment

HYLAN now has new majority ownership, although it’s hardly ‘new’. CEO and Chairman Robert DiLeo and President and Vice Chairman John DiLeo Jr. have announced the acquisition of a bigger stake in the turnkey engineering and construction company.

The deal brings the business back under the family umbrella. HYLAN was originally founded by John DiLeo Sr. 64 years ago as Hylan Electrical Company. It was in 2016 that Flexis Capital LLC and TZP Group LLC made a significant investment that was followed by some inorganic expansion activity.  

In 2018 they bought Western Utility, Tetra Tech Utility, Down Under Construction, and Arcturus Telecom, enabling them to expand out of the northeast into multiple regional markets across the US. Hylan is looking to prepare to meet demand not just from the data infrastructure world, but also from new markets like EV charging infrastructure.  At the time we had Robert DiLeo here for an Industry Spotlight.

Details of the transaction were not disclosed so we don’t know if Flexis and/or TZP have cashed out or what form the transaction took.  But Brightwood Capital Advisors are serving as investors to HYLAN in connection with the deal.

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Categories: Engineering & Construction · Mergers and Acquisitions

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