HOUSTON, July 30,
2024 /PRNewswire/ -- Jones Capital (Jones) announces the majority recapitalization
of Dark Horse Electric (Dark Horse), a business with over twenty
years of experience in the electrical industry. Dark Horse provides
essential vegetation management and line construction services to a
diverse clientele, including investor-owned utilities, electric
cooperatives, municipalities, highway departments, and commercial
entities.
Jonathan Duhon, Managing Partner
at Jones Capital, stated, "We are thrilled to welcome Dark Horse
Electric to the Jones Capital family. Their long-standing
reputation for quality work and customer satisfaction aligns
perfectly with our investment philosophy. We look forward to
supporting Dark Horse's continued growth and expansion in the
utility services sector."
"Joining forces with Jones Capital marks an exciting new
chapter for Dark Horse," said James
Diaz-Barriga, CEO of Dark Horse Electric. "This partnership
will allow us to leverage Jones'
resources and expertise to enhance our services and reach new
markets while maintaining our core values and commitment to our
customers."
This majority recapitalization represents Jones Capital's
strategic move into the utility services market, complementing its
existing portfolio in transportation and logistics, infrastructure,
technology, and business services.
Dark Horse will continue to operate from its Sunbright, TN headquarters, serving customers
throughout Tennessee and
neighboring regions.
For more information about Dark Horse Electric, visit
www.darkhorseelectric.com.
About Jones Capital:
Jones Capital (Jones) partners with mid-market businesses to
provide dynamic ideas and resources, focusing on practical
solutions to drive growth. Business sectors Jones has focused on include transportation
& logistics, infrastructure, industrials, construction, and
technology & business services. With locations in Houston, TX and Hattiesburg, MS,
Jones carries on the mission of
being a growth-oriented, value-added capital partner to businesses
and management teams that share our common values and vision for
long-term, sustainable growth that benefits all stakeholders –
customers, communities, employees, and shareholders. For more
information, please visit https://jones.com/.
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SOURCE Jones Capital, LLC