D.A. Davidson Advises Elektrik on Significant Growth Investment from Lead Edge Capital

Highlights D.A. Davidson’s focus on technology-driven platforms enabling industrial and energy markets as demand accelerates across data centers, energy, and AI-related infrastructure

NEW YORK--(BUSINESS WIRE)--D.A. Davidson & Co. today announced that it served as exclusive financial advisor to Elektrik, the leading procurement platform for sourcing critical electrical infrastructure components and a portfolio company of Album VC, on its significant growth investment from Lead Edge Capital, a growth equity firm investing in software, internet, and tech-enabled businesses globally.

Elektrik combines specialized product expertise, real-time sourcing across a deep network of manufacturers, and job-site-ready component delivery to replace the slow, inefficient manual quoting process that has historically defined the industry. The result is superior execution to enable faster project timelines, fewer errors, and reliable access to hard-to-source parts when they are needed most.

“We are proud to have advised Elektrik on this transaction,” said Greg Thomas, Managing Director and Co-Head of Technology Investment Banking at D.A. Davidson. “This outcome reflects our continued focus on industrial and energy software and tech-enabled solutions, where strong buyer demand is being driven by data center buildout, renewable energy, and grid modernization—trends further accelerated by the infrastructure requirements of the AI era. We ran a curated process with strong sponsor engagement, and Lead Edge ultimately recognized that Elektrik has built the technology layer this supply chain has been missing.”

“Sourcing electrical infrastructure components has historically been complex and fragmented,” said Mario Dealba, Founder and Chief Executive Officer of Elektrik. “We built Elektrik to streamline that process through a purpose-built technology platform that brings speed and accuracy to a critical part of the supply chain. D.A. Davidson brought deep sector expertise, strong market insight, and a highly disciplined process, which were instrumental in helping us identify and partner with Lead Edge and achieve a strong outcome.”

This transaction reflects the continued momentum of D.A. Davidson's Technology Investment Banking practice and its deep sector expertise within software, digital infrastructure and technology-enabled services. Since 2020, D.A. Davidson's Technology team has completed 145+ transactions representing more than $25 billion in deal value.

D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Greater Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 31 states.

Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.