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Prime Electric acquires Scholes Electric for expansion

PRIVATEMay 04, 2026

Acquiring Company

Prime Electric

Acquired Company

Scholes Electric

BellevueNew Jersey

Description

Prime Electric has acquired Scholes Electric, enhancing its presence in key Northeast markets. This acquisition allows Prime to better serve customers by leveraging Scholes' established reputation and expertise. The combined organizations will offer expanded services and increased capacity across the region. Scholes' CEO will continue leading the company under Prime's umbrella.

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Company Information

Company

Prime Electric

Location

Bellevue, Washington, United States

About

Prime Electric, founded in 1987, is a leading provider of electrical system repair, installation, and maintenance services. The company serves private sector clients in high-growth markets such as healthcare, biopharma, data centers, and renewables. With a strong presence across Northern California, Washington, and Oregon, Prime focuses on delivering quality services.

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Frequently asked

Who acquired Scholes Electric?

Scholes Electric was acquired by Prime Electric, based in Bellevue. The deal was reported on May 4, 2026. Prime Electric, founded in 1987, is a leading provider of electrical system repair, installation, and maintenance services. Prime Electric is privately held.

When did Prime Electric acquire Scholes Electric?

Prime Electric's acquisition of Scholes Electric was reported on May 4, 2026. Prime Electric has acquired Scholes Electric, enhancing its presence in key Northeast markets. This acquisition allows Prime to better serve customers by leveraging Scholes' established reputation and expertise. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Scholes Electric do?

Scholes Electric, founded in 1954, is a leading provider of electrical installation, maintenance, and repair services. It has a strong presence in New Jersey and Pennsylvania, serving diverse commercial and industrial clients. It is privately held, and is based in New Jersey.

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