January 23rd, 2025 – Richmond, VA – Sparkstone Capital Advisors, LLC (“Sparkstone”) is pleased to announce the sale of Superior Optimization, Ltd (“Superior”) to CDN Controls, ULC (“CDN”). Sparkstone served as the exclusive advisor for Superior. The transaction closed in December 2024. Superior will undergo a brand transition in 2025 and will operate under the new name CAVIS (kay-vis) Energy.
Superior is a leading energy and industrial service provider, delivering comprehensive, turn-key solutions to industries across Texas, New Mexico, and the Southwest United States. Its expertise includes embedded technicians, electrical and instrumentation (“E&I”) construction and project management, custom design, panel manufacturing, installation and commissioning, system integration, maintenance and repair, and capital project support. Superior helps businesses connect with field assets to enhance visibility, analytics, and operational efficiency in an increasingly automated world. For more information, visit: supopt.com.
CDN is a top provider of electrical and instrumentation maintenance, automation, communication, and renewable energy services in Western Canada. With over 750 employees, 11 branches, and six Indigenous partnerships, the company is committed to excellence in performance, safety, and impactful relationships. For more information, visit: www.cdncontrols.ca.
The acquisition results in the intentional, strategic vision for CDN that began in March 2024. The Hoffmann Family of Companies, a US-based, family-owned, private equity group acquired the company at that time to provide capacity and capital for CDN to seize new opportunities in new markets. The acquisition of Superior is the realization of this vision and is the first of several planned expansions.
Jesse Pletts, CEO of Superior, expressed enthusiasm about the transaction, stating, “Throughout the sale process, our priority was finding a partner that aligned with Superior’s core values and vision.” He added, “This partnership with CDN achieves that goal and positions us alongside a company driven to become a leading force in the energy services industry.”
As to working with Sparkstone and the sale process, Pletts had this to say, “Sparkstone conducted a thorough search for suitable partners, and we were highly impressed with the finalists. We are confident that we have made the best possible choice for Superior’s future growth and success. Their expertise and guidance throughout the process were invaluable, and we are grateful for Sparkstone’s role in securing this transformative partnership.”
Sparkstone is a financial advisory firm focused on mergers, acquisitions, and capital raising in the energy and industrial sectors. It was founded in 2018 by three partners with decades of collective energy M&A experience. The firm’s goal is to provide independent and unbiased client service, execute transactions efficiently with senior-level bankers, and develop meaningful long-term relationships. More information can be found at www.sparkstonecap.com.