Prime Electric, a prominent provider of electrical services based in Bellevue, Washington, has announced its acquisition of Scholes Electric, a well-established electrical contractor operating in New Jersey and Pennsylvania. The move, disclosed on May 4, 2026, marks a major milestone in Prime Electric's ongoing expansion into key U.S. markets.
Scholes Electric, founded in 1954 and headquartered in Piscataway, New Jersey, has a long-standing reputation for quality and technical expertise. Known for its strong customer relationships and commitment to excellence, the company caters to a diverse range of commercial and industrial clients. This acquisition reinforces Prime Electric's presence in the Northeast, establishing a critical foothold in a region that is both important and growing.
"We are thrilled to welcome Scholes to the Prime family", said Bob Ledford, CEO of Prime Electric.
"Scholes has built an exceptional reputation over many decades, and their strong presence in New Jersey and Pennsylvania provides a meaningful foothold in an important and growing region. Together, we are even better positioned to serve our customers with enhanced scale, capabilities, and local expertise. Scholes is exactly the kind of partner we look for – deeply respected in its market, customer-focused, and committed to excellence. We are excited about what we will build together."
The integration of these two companies is described as highly complementary, creating a robust electrical contracting platform with national reach and scale. According to Prime Electric, this combination will benefit customers by offering expanded services, increased capacity, and access to a broader network of talent and resources.
Edward Welsh, CEO of Scholes Electric, emphasized the advantages of this partnership, stating,
"By joining forces with Prime, we are further strengthening our ability to support our customers’ evolving needs. This partnership accelerates our growth strategy and enhances our ability to deliver complex, high-quality electrical solutions at scale."
While the terms of the transaction were not disclosed, it was confirmed that Edward Welsh will continue to lead Scholes, working closely with Prime Electric's leadership team. This arrangement is intended to ensure continuity for employees, customers, and partners.
This acquisition is the first for Prime Electric since its partnership with Truelink Capital earlier this year, reflecting the company’s ongoing mergers and acquisitions strategy. Deloitte Corporate Finance LLC served as the exclusive financial advisor to Scholes.
Scholes Electric specializes in electrical installation, maintenance, and repair services across New Jersey and Pennsylvania. Established in 1954, the company has earned a reputation for delivering reliable, high-performance solutions in complex electrical and low-voltage systems.
Since its founding in 1987, Prime Electric has become a leading provider of electrical system repair, installation, and maintenance services. The company operates across Northern California, Washington, and Oregon, with expertise in high-growth sectors such as healthcare, biopharma, data centers, and renewables.
Truelink Capital is a private equity firm based in Los Angeles, focusing on industrials and business services. The firm collaborates with management teams to drive long-term growth through strategic initiatives and transformative acquisitions.
With this strategic move, Prime Electric continues to solidify its presence in the industry while expanding its footprint across key regions in the United States.
