Freestate Electric, a subsidiary of Sojitz Corporation, acquired Deca Inc., a provider of electrical contracting services in the Baltimore and Washington metropolitan area.
| Acquirer | Freestate Electric (subsidiary of Sojitz Corporation) |
|---|---|
| Target | Deca Inc. |
| Deal Value | Undisclosed |
| Type | Acquisition |
| Close Date | June 1, 2026 |
| Announcement Date | June 1, 2026 |
| Buy-side Financial Advisors | A&W Capital |
| Sell-side Financial Advisors | Not disclosed |
| Legal Advisors (buy side) | Not disclosed |
| Legal Advisors (sell side) | Not disclosed |
Deal Mechanics
The acquisition, announced on June 1, 2026, was made to bolster Freestate Electric's presence in the United States. Deca Inc., founded in 1967, offers electrical contracting services primarily for federal government projects within Maryland and Washington D.C.
Strategic Rationale
This acquisition will allow Freestate Electric to expand its service offerings and geographic reach within key U.S. markets while leveraging Deca's reputation as a reliable contractor. The transaction also marks another step in Sojitz Corporation’s strategic move into the North American construction market.
Financial Context
The financial details of the deal remain undisclosed, making it challenging to assess the immediate impact on both companies' balance sheets and revenue projections.
Advisors
A&W Capital served as the buy-side advisor for Freestate Electric in this transaction. No information is available regarding sell-side advisors or legal counsel involved.
Outlook
Freestate Electric plans to integrate Deca's operations into its existing portfolio and enhance service capabilities to cater to growing demand in public and private sector projects.