Madison River Capital Announces Investment in JDC Power Systems
Summary
This transaction marks MRCs second investment in the past seven months, following its spin out from the family office of Tony James, the former Executive Vice Chairman of Blackstone. "We were drawn to JDC because of its impressive track record of delivering highly technical solutions and innovative products that provide significant competitive advantages in the growing data center industry," said David Wittels, Managing Partner and President of MRC. "We are excited to partner with Joe, Richard, and their talented team to support the companys continued growth and enhance career opportunities for its employees," said Matthew Clancy, Principal at MRC. "We are delighted to collaborate with Madison River Capital, whose investment acumen and operational expertise will be instrumental in supporting JDCs growth trajectory," said Joe Mastromonaco and Richard Corbin, co-founders of JDC. Founded in 2000 and based in Armonk, New York, JDC provides comprehensive technical services including engineering, procurement, equipment start-up and installation oversight, ensuring reliability and efficiency in data center construction and operations.