Salt Lake City-based Rydalch Electric Inc. has been acquired by Commonwealth Holdings Inc. of Omaha, Nebraska. Rydalch, founded in 1996, provides electrical construction services for the Utah’s commercial, institutional and industrial industries, including design-build and construction management teams as well a service department.
Commonwealth Holdings was formed in October as a holding company for Commonwealth Electric Co. of the Midwest{mprestriction ids="1,3"}, a full-service electrical and low-voltage contractor with operations in Arizona, Iowa and Nebraska.
“The combination of Rydalch Electric’s employees and customer base, plus the resources and new opportunities that Commonwealth brings to the table, will foster an even stronger company,” said T. Michael Price, president and CEO of Commonwealth Holdings.
Rydalch Electric will continue to operate under the same name and its leadership and staff will remain in place leading its day-to-day operations. Price said Rydalch’s general contractors, subcontractors and vendors will see no interruption in structure or operations.
Financial details of the transaction were not disclosed.{/mprestriction}
