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Footprint Capital Advises SECCO Electric in Sale to a Private Investor Group

Columbus, Ohio, October 31, 2024 – SECCO Electric Inc. (“SECCO”) has been acquired by a private investor group led by local business leader Anthony Worrell.  Footprint Capital, LLC (“Footprint”) acted as the exclusive sell-side advisor in the transaction.

Founded in 1969 and located in Camp Hill, PA (Harrisburg), SECCO Electric provides electrical solutions, including lighting design, fire alarm systems, design-build engineering, and electrical infrastructure installation and upgrades, among other services across a wide-variety of industries throughout Central Pennsylvania.  SECCO has approximately 45 dedicated and experienced employees including 16 master electricians making them one of the leading merit-based contractors in the region.

Barry Kindt, former President and Owner, expressed “It has been my privilege to lead SECCO Electric Team over the years. I have known Anthony now for several decades through various business ventures and social circles in the community and I am confident in passing the torch to Anthony, knowing that our commitment to quality service will remain unchanged.”

“From the initial conversations with Anthony, I felt that Anthony and his team would be the ideal partner for the next chapter of SECCO Electric.  When I joined the Company back in 1975, culture and people have been and still are the most important success factor that has contributed to the growth of the SECCO over the years, so it was critical to ensure a seamless and confidential process when it was time for me to transition the business.  Footprint Capital was instrumental in helping us navigate the negotiations, diligence, and ultimately closing the deal.  Their “white glove” approach, professionalism, and attention to detail was a key differentiator, which led to a successful outcome for all parties and most importantly the SECCO employees,” Barry further commented.

“I am honored to carry forward the legacy of SECCO Electric. My commitment is to serve our community with the same dedication and excellence they’ve come to expect from SECCO since 1969,” Worrall said in a news release.

Meera Modi of McNees Wallace & Nurick LLC served as SECCO Electric’s primary legal counsel during the transaction.

Read the full press release here.

ABOUT FOOTPRINT CAPITAL
Footprint Capital is a middle market investment bank with locations in Columbus, Ohio and Pittsburgh, Pennsylvania focused on advising owners and operators of privately held companies in the middle market. Footprint Capital’s services include sell-side and buy-side merger and acquisition advisory, private equity and family office deal origination services, ownership transition planning, debt advisory, and strategic management consulting. For more information, visit: www.footprintcapital.com. 

ABOUT THE BUYER
Anthony Worrall is the founder and president of Reynolds Restoration Services, an emergency restoration services provider and a partner at Everound, an IT services company. Worrall is also a central Pennsylvania real estate investor.