HOUSTON, TX [OCT 2025]/ Bluestem Equity’s SBIC, Bluestem Capital Fund, LP, is pleased to announce that it has completed a new portfolio investment. Bluestem has partnered with Allied Services to facilitate the acquisition of Montana-based Colstrip Electrical, Inc. (“CEI”), with Bluestem’s investment including debt and a minority equity investment.
Founded in 1985, CEI is one of the nation’s leading full-service electrical service platforms. CEI provides engineering, design, installation, repair, and monitoring services for complex electrical systems. The Company serves a blue-chip customer base with a diversified end-market reach, focusing on the power and energy industry, aerospace and defense, healthcare, data centers, and commercial sectors.
About Bluestem Capital Fund, LP
Bluestem Capital Fund, LP is a licensed Small Business Investment Company (SBIC) dedicated to supporting the growth, innovation, and long-term success of U.S.-based small businesses. As an SBIC, we operate with a mission to expand access to capital for qualifying companies, foster job creation, and drive economic development in communities across the country.
We partner with owners and management teams to provide flexible debt and equity investments, helping businesses scale operations, pursue strategic initiatives, and navigate transitional moments with confidence. Our approach combines patient capital, hands-on expertise, and a commitment to responsible stewardship.
Bluestem Capital Fund, LP Contacts
Ben Tucker, Managing Partner, ben@bluestemequity.com
Scott Grass, Chief Credit Officer, SGrass@bluestemequity.com
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