McGuireWoods advised private investment firm Summit Park in a majority recapitalization of DX Electric, which procures, manages and distributes essential electrical c-parts to a broad set of original equipment manufacturers.
Summit Park is a Charlotte-based private investment firm focused on investing in lower middle-market businesses. The transaction marks Summit Park’s sixth investment from its fourth fund, Summit Park IV.
DX Electric, headquartered in Grapevine, Texas, is one of the state’s leading value-added electrical distributors, serving as a critical supply chain solution for partners across industrial, data center and energy end markets.
H. Ramsey White III led the McGuireWoods deal team, which included Timothy Malloy, Robert Morlock, Paul Navarro, Jon Neal, Logan Judy, Christel Harlacher, Christian Brose and Samantha Wallace.
“We were pleased to assist our valued client Summit Park in this strategic transaction, which positions DX Electric for continued growth in the years ahead,” White said.
McGuireWoods’ private equity lawyers advise institutional investors, independent sponsors, emerging managers, family offices, investment advisers, management teams, lenders and portfolio companies.
The firm earned nationwide rankings for M&A and private equity deal work in the Chambers USA and Legal 500 United States guides.