Oilfield Electric Company Acquired by Onni-Rye Holdings | Industrials M&A Deal

Onni-Rye Holdings has acquired Oilfield Electric Company, a electrical contracting business in California, for $5 million. Oilfield Electric Company provides electrical contracting services for oilfield and industrial customers, supporting power distribution, wiring, and field electrical systems. Onni-Rye Holdings acquisitions in electrical contracting expand its industrials M&A footprint across CA acquisitions and strengthen service delivery for oilfield-related projects. The strategic acquisition is structured as an add on acquisition, classified as an add-on deal under $10M, and is expected to close as part of Onni-Rye Holdings acquisitions.