Hastings Equity Partners Invests in XS Telecom
Summary
ELGIN, Ill., Jan. 11, 2022 /PRNewswire/ -- Hastings Equity Partners ("Hastings") announced that its portfolio company, MKD Electric, LLC ("MKD"), a full-service industrial automation and electrical service platform, is pleased to announce its investment in XSTele.com, LLC ("XS Telecom"). Based in Warrenton, VA and founded in 2014, XS Telecom is a national provider of essential communications infrastructure, providing voice and data network cable design, installation, and support solutions for large national data center companies and Fortune 500 clients. Grant Reckhow, Principal at Hastings, added "We are excited about the strategic fit between XST and MKD, and the two teams are already seamlessly working together. Graycliff Partners LP provided financing to MKD, and XS Telecom was advised by MidCap Advisors, LLC. MKD provides engineering, design, installation, automation, instrumentation, emergency response, and ongoing maintenance services for complex electrical systems.