Loenbro has acquired Prism Electric for an undisclosed amount. This transaction sees Loenbro buying the established electrical contractor, integrating its operations and workforce into the acquiring company. Prism Electric, founded in 1994 by Blake Combs, began with a focus on installing energy-efficient lighting for national accounts like JC Penney’s stores. Over the past three decades, it has grown into a thriving electrical contractor employing over 2,100 dedicated individuals.
Prism Electric has built a reputation as a go-to contractor for significant projects, including the Moody Center, DFW Airport, SMU Weber End Zone Complex, and Winstar Casino. The company is also recognized for its commitment to safety, having received the Construction Safety Excellence Award First Place National Winner in 2024 and Second Place in 2026. This acquisition by Loenbro, a company operating within the industrial and commercial services sector, expands its capabilities and market footprint.
The acquisition is strategically aimed at broadening Loenbro's service portfolio by incorporating Prism Electric's extensive electrical contracting expertise. This integration is anticipated to generate operational efficiencies and enhance the combined entity's capacity to deliver comprehensive solutions across a wider range of projects. The addition of Prism's experienced team and its proven track record for quality and safety aligns with Loenbro's objectives for growth and market leadership.
The combined organization is now positioned to leverage expanded resources and a diversified service offering. This integration is set to foster continued development and innovation within the electrical contracting and broader industrial services landscape, building upon Prism Electric's established legacy and operational excellence.