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Transactions - MAY 13, 2022

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Infra Build Holdings recapitalizes contractor Hypower in Florida

by Released

Infra Build Holdings (IBH), an SMC Infrastructure Partners company, has partnered with management to recapitalize Fort Lauderdale-based Hypower, a critical infrastructure electrical contractor focused primarily on serving owners and operators of aviation, electrification, energy transition, telecom and transportation assets.

Hypower is the nation's largest provider of installation and maintenance services for airfield lighting and electrical systems, as well as a market leader in the digital infrastructure, solar, and railroad electrical construction sectors. The company serves a diverse base of leading institutional public and private customers across the aviation, electrification, energy-transition, telecom and transportation markets.

SMC, IBH, and Hypower management were supported by capital contributions from debt funds managed by IFM Investors as part of a $1.2 billion dual-purpose financing partnership. The financing partnership now consists of acquisition financ

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