Baker McKenzie represented Calera Capital, a leading middle-market private equity firm, on its acquisition of a majority stake in Thayer Power & Communication from The Anderson Group. The acquisition was announced on March 30, 2020. Terms of the transaction were not disclosed.
Thayer, founded in 1964, is a leading provider of mission critical repair, maintenance, and upgrade services for the utility and telecommunications industries. Thayer services a large regional area including the central Midwest, Northeast, and Southeast United States.
The acquisition of Thayer represents Calera's eighth investment from its Fund V and reinforces Calera's track record of successfully partnering with strong management teams.
Baker McKenzie's deal team was led by partners Leif King and Andrew Sagor and included associates Justin Bryant, Amanda Bradley, Nasri Ashkar and Brian Lee.
For more information about this transaction, please see Calera's press release.