Lafayette Square Provides Financing to Support Ickler Electric's ESOP
The Californer/10316661

MIAMI, June 12, 2025 ~ Lafayette Square, a leading investment firm, has announced its recent involvement in providing debt and equity capital to support Mosaic Capital Partners LLC's investment in IE Group Holdings, Inc. The investment will be made through a newly formed employee stock ownership plan (ESOP).

Ickler Electric, a San Diego-based electrical contractor that specializes in serving mission-critical industries, will be the recipient of this support. Founded in 1985, Ickler Electric has established itself as a trusted partner to companies operating in highly technical and critical industries such as biotechnology, life sciences, pharmaceuticals, and commercial sectors.

With a strong focus on delivering top-notch services to its clients, Ickler Electric boasts an impressive set of capabilities including in-house pre-fabrication solutions that allow for industry-leading lead times. "Since our founding, Ickler's success has been driven by our employees' dedication and commitment to excellence," said Randy Minnier, President and CEO at Ickler Electric. "Partnering with Mosaic and Lafayette Square, both of which prioritize worker wellbeing, allows us to implement an employee ownership model while also bringing in additional resources to better serve our clients. It's truly a win-win-win situation."

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In addition to providing financial support, Lafayette Square also offers its portfolio companies access to their affiliated managerial assistance program called Worker Solutions®. This tailored benefit offering is designed to reduce turnover and operational risk while improving job quality, retention rates, and productivity.

Vishnu Amin, Managing Director at Lafayette Square expressed excitement about the partnership with Ickler Electric stating that the company has established itself as a reliable partner for businesses with mission-critical facilities. By involving clients early on in the design phase of projects, Ickler ensures the delivery of customized power systems that maximize efficiency and minimize unplanned facility interruptions. Amin added that they are looking forward to supporting Randy Minnier and his fellow employee owners during this next stage of growth.

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