High Street Capital is pleased to announce the completion of its acquisition of Koontz-Wagner Electric Company, Inc., an Indiana based business that employs nearly 500 people in Indiana, Ohio and Tennessee. Koontz-Wagner provides electrical control systems for power generation and oil and natural gas distribution, repairs and rewinds electric motors, offers full-service electrical contracting and manufactures critical components for the aerospace, medical and defense industries.
“We are pleased to have been selected by Mr. Pfeil to carry on the Koontz-Wagner traditions of excellent work and outstanding customer service. Our goal will be to support the top-notch management team Mr. Pfeil has assembled over the years in continuing to service their customers and build on the strong foundation that has been built,” said, Joseph Katcha, Founder and Principal of High Street Capital.
Since its founding in 1921, when brothers Harvey and Herbert Koontz saw the need for an electric motor repair service in the South Bend area, Koontz-Wagner (www.koontz-wagner.com) has grown into a multi-divisional corporation to customers on a regional, national and international basis. The corporate office and main plant are located in a 107,000-square-foot facility in South Bend, Indiana.