Loenbro, LLC (“Loenbro” or the “Company”), a multi-craft provider of highly technical, specialized services to the data center, infrastructure, and diversified industrial markets, announced today that it has acquired Prism Electric (“Prism”), a leading electrical contractor with a strong foothold in Texas and Oklahoma. The transaction, representing the largest acquisition in Loenbro’s history, will help the Company expand its electrical service capabilities, strengthen its presence in high-growth markets, and cement its position as a nationally recognized contractor.
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Founded in 1994, Prism Electric has earned a reputation for delivering high-quality electrical construction services across a broad range of healthcare, industrial, commercial, and mission-critical projects.
The addition of Prism allows Loenbro to deliver an even more comprehensive suite of electrical and specialty services, and support complex projects across rapidly expanding markets, including data centers, healthcare, advanced manufacturing, energy, aviation, commercial construction, and industrial infrastructure. The companies will build upon their shared commitment to safety, quality, and operational excellence to continue to meet the needs of customers nationwide.
“The acquisition of Prism Electric represents a transformational milestone for Loenbro and a significant step forward in our long-term growth strategy,” said Daniel Cowan, Chief Executive Officer of Loenbro. “Prism has built an exceptional reputation for delivering high-quality electrical services, developing strong customer partnerships, and fostering a values-driven culture that aligns closely with our own. We are excited to welcome Prism’s talented team to the Loenbro family and look forward to leveraging our complementary capabilities, expanded customer base, and broader geographic reach to create enhanced opportunities for employees, customers, and communities across the country.”
Prism brings approximately 2,500 employees to Loenbro, significantly scaling Loenbro’s workforce, operational capacity, and geographic footprint throughout the Southern United States. Members of Prism’s leadership team will assume key operational leadership roles within Loenbro’s South Region, helping to ensure business continuity and the successful integration of the two organizations.
“I’ve been planning for Prism’s future for a long time, and my biggest priority has always been creating opportunities for our people. As we got to know the Loenbro team, it became clear that our values, culture, and vision for the future were closely aligned,” said Blake Combs, President of Prism Electric. “This isn’t a change in direction for Prism. It’s the next step in our growth, and I’m excited about what we’ll accomplish together for our employees, customers, and communities.”
In December 2025, Loenbro entered into a strategic partnership with Kohlberg, a leading U.S. middle-market private equity firm, to accelerate its growth and expansion strategy. The acquisition of Prism is a key component of that long-term strategy.
Alvarez & Marsal served as due diligence advisor and Evercore served as financial advisor to Loenbro, with Godfrey & Kahn serving as legal counsel. Glaucon Partners served as financial advisor to Prism, with Hallett & Perrin serving as legal counsel.
About Loenbro
Founded in 2000, Loenbro is a trusted long-term construction lifecycle partner to thousands of customers across the U.S. The company’s service offerings include Critical Electrical, Mechanical & Structural, Soft Crafts, Inspection, Underground Maintenance and Installation, and Fabrication and its vertical market focus spans all industries.
Loenbro takes full ownership of every interaction, delivering multi-scope project excellence and establishing long-standing relationships with nationwide partners as it enhances and maintains clients’ critical infrastructure. Through their relationship with the company and the One Loenbro model, clients nationwide are able to simplify, control, and succeed in the everyday. For more information, please visit www.loenbro.com.
About Prism Electric
Founded in 1994 by Blake Combs, Prism Electric is a premier electrical contractor and recognized industry leader serving Texas and Oklahoma. Employing approximately 2,500 people, the company provides electrical construction, service, maintenance, and integrated technology solutions for complex and mission-critical projects across the data center, healthcare, industrial, aviation, and commercial sectors. Known for its strong safety culture, technical expertise, and commitment to operation excellence, Prism has earned the trust of leading owners, developers, and contractors throughout the region. Built on the belief that success comes from doing the right thing the right way, Prism continues to invest in its people, relationships, and communities while delivering exceptional results for its customers.
About Kohlberg
Founded in 1987, Kohlberg is a leading U.S. middle market investment firm based in Mount Kisco, New York with deep experience investing across private equity and credit. Informed by its thesis-driven White Paper Program, Kohlberg invests in healthcare and services companies characterized by strong brands, recurring revenue streams, and leading market positions. Kohlberg manages approximately $18 billion on behalf of investors globally. For more information, please visit www.kohlberg.com.
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