# Olgoonik Development acquires American Electric Company

Olgoonik Development LLC acquired American Electric Company LLC on April 30, 2020. American Electric is an electrical contractor in Hawaii, and will continue as a subsidiary under Olgoonik Development.

- Type: Acquisition
- Announced: 2020-04-30
- Where: Hawaii, United States
- Status: completed
- Products: electrical construction services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [American Electric](https://endata.com/companies/42074.md) (target)
- [Olgoonik Development](https://endata.com/companies/46941.md) (acquirer)

## Sources

- [olgoonik.com](https://www.olgoonik.com/olgoonik-acquires-american-electric/), 2020-05-01: "Growing Olgoonik through acquisitions has been part of our strategic plan, and it's a dream come true that we were able to make our second acquisition in corporation history."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.