Mentioned:LoenbroPrism ElectricKohlberg & Company
Loenbro, backed by Kohlberg & Company, has acquired Prism Electric, a Texas-based electrical contractor with approximately 2,500 employees. The deal is the largest in Loenbro's history and extends the acquirer's geographic reach across the Southern US.
What's happening
- Kohlberg-backed Loenbro acquired Prism Electric, a 1994-founded Texas electrical contractor operating from six offices in Dallas, Fort Worth, Houston, Austin, Oklahoma City and Tulsa.
- Prism designs, installs and maintains electrical systems for data centers, airports, hospitals, schools, factories, hotels, arenas and office buildings, with projects including Dallas Fort Worth International Airport and the Moody Center in Austin.
- Prism offers 24-hour emergency service, maintenance, medium-voltage work and low-voltage technology systems including data, security and communications cabling.
- The acquisition comes nine months after Kohlberg acquired a majority stake in Loenbro from Braemont Capital in December 2025.
Why it matters
- Prism adds 2,500 employees and significant capacity in the high-growth Texas and Southern US markets where Loenbro previously had limited presence.
- The acquisition extends Loenbro's addressable customer base across data centers, advanced manufacturing, aviation, chemicals, healthcare and semiconductors to 15 industries total.
- Prism's prefabrication and virtual design capabilities complement Loenbro's existing electrical, mechanical, structural and fabrication services, creating opportunities for cross-selling.
- Combined entity strengthens Loenbro's position in defense-adjacent infrastructure sectors including data center electrical systems and airport facilities.
Going deeper
- Prism was founded by Blake Combs in 1994 after an apprenticeship, with early growth from a national JCPenney contract to install energy-efficient lighting.
- Loenbro was founded in 2000 as a two-person refinery contractor in Montana by Paul Leach and Jon Leach, now led by CEO Daniel Cowan from Westminster, Colorado.
- Loenbro has conducted four acquisitions under Kohlberg ownership: Weifield Group (2025), Stewart Electric (2025), Revolution Industrial (2025) and Switch Electric (2021).
- Weifield Group, acquired in 2025, operates in the Mountain West, Texas and Tennessee, suggesting Loenbro's prior Texas footprint was limited before this consolidation wave.
Financial impact
- Purchase price and deal terms remain undisclosed; timing not disclosed for revenue recognition and integration milestones.
- For Kohlberg, the acquisition increases Loenbro's scale and revenue base as an add-on to the December 2025 majority stake investment.
- Prism's 2,500-person workforce and six-office Texas footprint will drive revenue contribution beginning in Loenbro's next fiscal reporting period post-close.
The intrigue
- Loenbro executed four acquisitions in 12 months under Kohlberg ownership, signaling either aggressive integration capacity or potential near-term platform consolidation and exit planning.
- Braemont Capital retained minority interest in Loenbro alongside Kohlberg's majority stake; the mechanics of Braemont's ownership position after the Prism deal are undisclosed.
The fine print
- Deal amount and final purchase price terms are undisclosed; no information provided on earn-outs, seller notes or contingencies.
- Prism founder Blake Combs will remain as president post-close; no management changes or retention agreements disclosed.
Source: PE Professional · Sep 17, 2026 · Drafted with Claude, reviewed by Industrial Base Alpha.