Stonebridge Partners (“Stonebridge”), a private equity firm focused on partnering with management teams to accelerate growth and operational excellence, is pleased to announce the recapitalization of CVM Electric, LLC (“CVM”) in partnership with founder Carlo Madonia, Jr. and his sons Tre and Kyle Madonia. The Madonia family, who were the sole owners of CVM prior to the transaction, will remain in their current leadership roles and retain a significant ownership stake. The transaction closed on January 26, 2026.
CVM (https://cvmelectric.com/), headquartered in Buffalo, NY, is a full-service electrical design and installation contractor. The Company provides power distribution, lighting, fire alarm, data cabling, and energy-system solutions to commercial, residential, industrial, and institutional clients across Western New York. CVM’s services cover all phases of electrical construction from traditional plan-and-spec bidding to innovative design-build solutions. Through disciplined bidding, strong field execution and deep technical expertise, CVM has built a reputation for operational excellence and delivering compelling value to its customers.
CVM represents Stonebridge’s 36th platform investment and 14th in the infrastructure & building products segment. Stonebridge will work closely with the Madonia family to support the expansion of its service business, geographic growth, and continued investment in operations, talent, and systems.
“CVM represents exactly the type of family-owned business we seek to partner with,” said Steve Hanna and Bill Connors, Managing Partners of Stonebridge Partners. “The Madonia family has built a high-quality organization with compelling fundamentals, and we are excited to support the Company’s continued growth.”
Greg Goulette, Operating Partner at Stonebridge, added, “We look forward to working alongside management to enhance operational processes and build scalable infrastructure.”
Brookside Capital Partners and Northcreek Mezzanine provided debt financing and co-invested equity alongside the Madonia family and Stonebridge. The Spartan Group served as financial advisor to CVM and the Madonia Family in connection with the transaction.
Stonebridge Partners (StonebridgePartners.com) is a lower middle-market private equity firm that takes an operations-oriented approach to investing. Celebrating its 40th anniversary, Stonebridge has completed 78 transactions, including 42 add-on acquisitions, utilizing its Operating Partners to pursue growth opportunities and operational efficiencies across its portfolio. The firm targets family-owned, niche manufacturing, distribution, and service businesses with EBITDA ranging from $3 million to $15 million as well as strategic add-on acquisitions of any size. For more information, please contact Steve Hanna at shanna@StonebridgePartners.com.