Sojitz Corporation Aquires A Majority Stake In Freestate Electric

Freestate Electric is pleased to announce that Sojitz Corporation (https://www.sojitz.com/en/) has acquired a majority stake in the Company through its wholly owned U.S. based subsidiary, Sojitz Corporation of America (https://sojitzamericas.com/). This new partnership will allow Freestate Electric to continue to provide best in class electrical construction and service capabilities to its clients as well as supporting and encouraging growth in over 1,300 valued employees who have made Freestate a leader in the MD/DC/VA electrical construction market for 40 years. Moving forward, the company will maintain the existing management team with Tim Miller continuing his role as President and CEO, and Ron Michael will continue as Executive Vice President.

Sojitz entered the U.S. energy solutions market in 2021 with their acquisition of McClure Company, a Central Pennsylvania based industry leader in commercial mechanical construction and energy services. The addition of Freestate Electric to Sojitz’ portfolio will enhance its capabilities to provide industry leading solutions to a wide variety of client needs including new construction, retrofit, Design Build, Design Assist and service as well as new and creative energy as a service enhancement.

Freestate Electric was founded in 1984 by Mike Dugan and quickly became one of the leading commercial electrical contractors in the MD/DC/VA market. Through Mr. Dugan’s stewardship, Freestate has developed a reputation and culture that allows it to attract and retain employees who are the engine that drive this company. We are excited to begin this new chapter in Freestate’s great history!