Lafayette Square provided debt and equity capital to support Mosaic Capital Partners' investment in IE Group Holdings, a leading San Diego-based electrical contractor serving mission-critical industries, through a newly formed employee stock ownership plan (ESOP).

Founded in 1985, Ickler Electric specializes in highly technical, mission-critical projects across biotechnology and life sciences, pharmaceutical, laboratory and other commercial industries. Ickler has a robust set of capabilities, including extensive in-house pre-fabrication solutions, to service its customers with industry best lead times.

“Since our founding, Ickler’s success has been driven by our employees’ dedication and commitment to excellence,” added Randy Minnier, President and CEO at Ickler Electric. “Being able to partner with Mosaic and Lafayette Square, both of which are deeply focused on worker wellbeing, to facilitate an employee ownership model while bringing in additional resources to support our clients is a win-win-win situation.”

Beyond capital, Lafayette Square provides support and incentives to portfolio companies through its affiliated managerial assistance program, Worker Solutions®, a tailored benefit offering designed to reduce turnover and operational risk while improving job quality, retention, and productivity.

“Ickler Electric has established itself as a trusted partner to companies operating mission-critical facilities” said Vishnu Amin, Managing Director at Lafayette Square. “By engaging its clients early in the design phase, Ickler ensures delivery of tailored power systems that maximize efficiency and protect against unplanned facility interruptions. We are excited to support Randy and his fellow employee owners during this next stage of growth.”