Zouk invests in high-growth Canadian contractor OZZ Electric Inc
Zouk Capital has invested in OZZ Electric, a leading full-service energy efficiency and electrical contractor based in Toronto, Canada. OZZ Electric was founded in 1991 and specializes in providing electrical installation and service contracts for large-scale residential, industrial, commercial and institutional construction. Responding to regional demand, the company has expanded its offering to include a full scope of low-carbon and energy efficiency technologies, including solar photovoltaics, building energy management systems and smart metering. The management team has existing expertise in the latter sector; the CEO co-founded global smart-meter company, Trilliant Inc. OZZ Electric has partnered with Zouk to help drive this expansion of the business, drawing on the UK investor’s experience of financing growth stage cleantech companies.
OZZ Solar, the renewable energy focused business unit, works with OZZ Electric to roll out solar photovoltaic installations in the province of Ontario. OZZ Electric’s long track record in electrical contracting positions the company favorably to execute its growth strategy. With over 500 employees and a strong network of subcontractors and suppliers, OZZ Electric is an established business which is proven to consistently deliver the high quality of service required in large contract work. Existing core services include design / build electrical installation, wiring, high voltage cabling, network systems and metering. OZZ Electric’s customer base includes property developers, builders, property managers and utilities across Canada.
Zouk Partner Anthony Fox, who has joined OZZ Electric’s Board of Directors, commented on the partnership: “By consistently delivering a high level of service, OZZ Electric has established itself as one of Canada’s leading electrical contractors. I believe the company’s exceptional reputation and proven capabilities will result in a successful expansion of the renewable energy and energy efficiency units. We have a good relationship with the management team and I am pleased Zouk’s capital and expertise is able to support the company’s development into one of Canada’s leading renewable energy contractors.”