Birmingham, Ala. (February 26, 2026) – Founders is pleased to announce that certain principals of Founders Advisors, LLC advised Gridco, Inc. (“Gridco” or, the “Company”) on a minority growth investment from BayHawk Capital (“BayHawk”). The transaction closed on December 31, 2025.

Founded in 2023, Gridco is a leading provider of transmission, distribution, and substation services focused on serving investor-owned and cooperative utilities. Headquartered in Birmingham, Alabama, the Company has established a strong reputation as an employee-first company, focused on providing unparalleled services for its utility customers.

“We believe this is only the beginning,” said Brad Weaver, CEO at Gridco. “This capital investment will allow us to continue to provide compelling growth opportunities for our team of 350+ people.  We’re excited to partner with the BayHawk team and believe their support and shared vision will play a key role as we work toward our goal of being a national provider of best-in-class utility services.”

“The Gridco team has created an exceptional company defined by a strong culture and a deep understanding of its client needs. It was a pleasure working with the management team, and we look forward to seeing Gridco prosper throughout this next chapter with BayHawk,” said Evan Klisares, Managing Director at Founders Advisors.

Founders Advisors served as financial advisor, and Bradley Arant Boult Cummings LLP acted as legal counsel to Gridco. Kirkland & Ellis LLP served as legal counsel to BayHawk.

About Gridco, Inc.

Gridco, Inc. is an employee-focused provider of power utility services, operating a platform that delivers distribution, transmission, substation, lighting, and engineering services. Founded in 2023, the Company operates across the Southern United States. For more information visit www.gridcompany.com.

About BayHawk Capital

BayHawk Capital is a Boston-based, growth-oriented private equity firm focused on investing in high-quality, founder-led businesses. The firm focuses on essential services and technology business headquartered in North America. For more information visit www.bayhawkcapital.com.

 

About Founders Advisors

Founders Advisors brings deep sector expertise in Power and Infrastructure Services, supported by broader experience across Industrial, Technology, Healthcare, and Consumer markets. We provide insight into industry trends, competitive dynamics, and positioning strategies that drive meaningful investor engagement. If you are exploring a potential sale or evaluating strategic options in the Power and Infrastructure Services sector, please feel free to reach out to our team.

To provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SiPC. Founders M&A Advisory, LLC is a wholly owned subsidiary of Founders Advisors, LLC. Neither Founders Advisors nor Founders M & A Advisory provide investment advice. For more information, please visit www.foundersib.com.