PO   ERING THE NEXT CHAPTER OF GRO   TH FOR FOUNDER & FAMILY O   NED BUSINESSES

CHARLOTTESVILLE, Virginia, October 21, 2024 -- Wacona Capital, LLC (“Wacona”), a private equity firm focused on the lower middle market, recently completed its inaugural investment: a recapitalization of Mid-Atlantic Power Specialists, LLC (“MAPS” or the “Company”) in partnership with MAPS President, Andrew Kuhlman. Financial terms of the transaction were not disclosed. ​ ​​​Founded in 1985 and headquartered in Sterling, Virginia, MAPS provides specialty electrical services in support of the expansion, retrofit, upgrade, and maintenance of electrical systems and infrastructure within data centers, commercial facilities, and mission-critical government locations. The Company's highly-trained, experienced technicians offer a track record of performance and reliability that clients demand given the mission-critical nature of the work performed.  ​ ​​​Andrew Kuhlman, President of MAPS commented, "I'm thrilled to partner with Wacona and launch the next stage of growth for Mid-Atlantic Power. I'm very proud of the business we've built over the past 30+ years and am excited to pursue the numerous opportunities we have ahead of us." Mr. Kuhlman remains a significant investor in the business moving forward.  ​ ​​​​“Wacona is very excited to partner with MAPS,” said Joel Carter, Managing Partner at Wacona. “We’re deeply impressed with the business that Andrew and his team have built over the years. As we leverage our extensive experience and relationships within the data center market, we look forward to executing on several growth and strategic-oriented initiatives throughout our partnership with MAPS. We’re immensely grateful to have such an exceptional business as Wacona's first platform investment." ​ About Mid-Atlantic Power Specialists, LLC With a primary focus on the extensive digital infrastructure domiciled throughout the broader northern Virginia market, Mid-Atlantic Power Specialists ("MAPS") provides specialty electrical services supporting various data center clients in addition to large commercial facilities and government end-users. Services primarily consist of the expansion, retrofit, upgrade, and maintenance of electrical systems within data centers as well as other mission-critical facilities. Founded in 1985 and based in Sterling, VA, MAPS employs a workforce of highly trained, deeply experienced technicians dedicated to providing best-in-class services in a variety of high-leverage environments.  ​​ About Wacona Capital, LLC Wacona Capital, LLC is a private equity firm built on a foundation of partnering with founder and family owned businesses in the lower middle market. Wacona has a depth of experience providing strategic guidance and operational support to help business leaders execute on a shared vision of success. Wacona seeks to invest equity capital through majority recapitalizations, growth investments or management buyouts for U.S. based companies. Founded in 2024, Wacona is headquartered in Charlottesville, VA. For more information, please visit: https://waconacapital.com/.