Platform formationverified
Sundog Capital forms Stryker Electric platform, acquiring Sarasota's Bay Area Electric
What happened. Independent sponsor Sundog Capital announced formation of the 'Stryker Electric' platform through the simultaneous acquisition of three electrical contractors: Stryker Electrical Contracting (Palm City, Fla.), Bay Area Electric (Sarasota, Fla.), and Edge Electric (Austin, Texas). Bay Area Electric, founded in 2006 by Mark Gatz and Jeff Kiner, performs electrical contracting for industrial, municipal, commercial/institutional and luxury residential clients across Southwest Florida, including municipal wastewater-infrastructure work. White Wolf Private Credit financed the deal with a senior secured term loan plus preferred and minority common equity co-investments; transaction value was not disclosed. It was Sundog Capital's first platform investment.
Parties
- Company
- Bay Area Electric, Inc. · Sarasota, Sarasota County
- Buyer
- Sundog Capital
- Capital
- White Wolf Capital Group
- Price
- Not disclosed
The name on the truckBay Area Electric, Inc.
Sarasota, Sarasota County
Operating ownerSundog Capital
Capital behind it
White Wolf Capital Group
Miami, FL
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Verified — primary document
- Sundog Capital (2022-04-15) — press release. Names all three companies, their locations and services; identifies this as Sundog's first investment.
- White Wolf Capital Group (2022-04-15) — press release. Confirms financing structure and per-company descriptions, including Bay Area Electric's Sarasota, FL location.
- PrivSource (2022-04-15) — other. Deal aggregator record cross-referencing the same transaction.
Researcher notes: Single transaction covering three companies; only Bay Area Electric (Sarasota) sits inside the tracked Tampa Bay/adjacent-county footprint. Stryker Electrical Contracting (Palm City, Martin County) and Edge Electric (Austin, TX) are out of scope and not modeled as separate company records.
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