Maynard Represented IER Electrical Equipment and Controls in Sale to Chicago Switchboard
Brad Wood, Brian Howaniec, Spencer Newman, and Robert Waller served as the legal counsel team to IER Electrical Equipment and Controls, LLC (“IER”) in its sale to Chicago Switchboard, Inc. {“Chicago Switchboard”}. FourBridges Capital Advisors served as the exclusive investment banker to IER, and Pinebrook Wealth Strategies of Raymond James acted as personal financial advisor to Mike Wolf, the owner of IER. Chicago Switchboard, based in Elmhurst, IL, is a leading electrical distribution equipment company founded in 1936 and was recently acquired by Chicago-based private equity firm Promise Holdings in April 2020. Their acquisition of IER, based in Houston, TX, provides Chicago Switchboard with further geographic expansion into the Texas market. IER manufactures and specializes in custom products for power distribution and motor control centers. The transaction successfully closed on January 18, 2023. Brad Wood, Brian Howaniec, Spencer Newman, and Robert Waller are members of Maynard’s Corporate & Business Transactions Practice. They worked closely with FourBridges Capital Advisors throughout the negotiations and deal structuring. To read more, click here.
About Maynard Nexsen
Maynard Nexsen is a full-service law firm with more than 550 attorneys in 24 offices from coast to coast across the United States. Maynard Nexsen formed in 2023 when two successful, client-centered firms combined to form a powerful national team. Maynard Nexsen’s list of clients spans a wide range of industry sectors and includes both public and private companies.
