Bay Area Electric, Inc.
Electrical · Sarasota, Sarasota County · Founded 2006 by Mark Gatz and Jeff Kiner
About the company
Bay Area Electric is a Sarasota-based electrical contractor founded in 2006 by licensed electrical contractors Mark Gatz and Jeff Kiner. It performs electrical contracting for industrial, municipal, commercial/institutional, and luxury residential customers throughout Southwest Florida, including complex municipal work such as wastewater-infrastructure projects.
Ownership history
What changed after the sale
Existing leadership reportedly remained in place after the transaction closed; no announced name change.
Only sourced observations are listed. Customers and employees can add what they saw.
Who really profits
Money paid to Bay Area Electric, Inc. now flows to Sundog Capital, and from there to its investors — White Wolf Capital Group — whose funds are ultimately owed returns by their limited partners. Independent sponsor founded by Sam Pawliger and Michael Tew (both ex-Wharton, with backgrounds at Audax Group, Grey Mountain Partners, BCG, Blue Apron and Innocor). Its first investment, announced April 2022, combined three electrical contractors -- Stryker Electrical Contracting (Palm City, FL), Bay Area Electric (Sarasota, FL) and Edge Electric (Austin, TX) -- into the 'Stryker Electric' platform, financed with a senior secured term loan plus preferred and minority common equity from White Wolf Private Credit.
Capital events at the platform level: 2022-04-15 platform formation — Sundog Capital forms the Stryker Electric platform via simultaneous acquisition of Stryker Electrical Contracting, Bay Area Electric, and Edge Electric, with financing from White Wolf Private Credit..
Read more: why prices rise after a sale · debt, exits and the 5-year clock.
Frequently asked
Who owns Bay Area Electric, Inc.?
Bay Area Electric, Inc. is owned by Sundog Capital, whose capital has come from White Wolf Capital Group. The sale was announced April 15, 2022; the company still operates under its original name.
Is Bay Area Electric, Inc. private equity owned?
Yes. Bay Area Electric, Inc. is part of Sundog Capital, which is backed by White Wolf Capital Group. See the buyer profile for the capital structure.
Is Bay Area Electric, Inc. locally owned?
Not in the sense most homeowners mean. Control has moved to an outside owner, although the local brand name is still used.
When was Bay Area Electric, Inc. sold?
April 15, 2022 (announcement date).
Did Bay Area Electric, Inc. change its name after the sale?
No. Keeping the acquired brand name is standard practice for platforms; it preserves customer trust and reviews while ownership changes behind it.
Sources Verified — primary document
- Sundog Capital (2022-04-15) — press release. Sarasota, FL location; describes municipal/wastewater-infrastructure specialty; names Sundog Capital as sponsor forming the platform with Stryker Electrical Contracting and Edge Electric.
- White Wolf Capital Group (2022-04-15) — press release. Confirms Bay Area Electric, Inc., Sarasota, FL; describes it as serving industrial, municipal, commercial/institutional and luxury residential customers with design/build and maintenance services.
- Bay Area Electric — company site. Founded February 2006 by Mark Gatz and Jeff Kiner.
- PrivSource (2022-04-15) — other. Deal aggregator record cross-referencing the same transaction.
Researcher notes: Acquired alongside two out-of-area sister companies (Stryker Electrical Contracting of Palm City, FL and Edge Electric of Austin, TX) as part of one platform-formation transaction; only Bay Area Electric falls inside the Tampa Bay MSA/adjacent-county footprint tracked here.
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