McClure Company Sells Majority Interest Position to Sojitz Corporation of America – Retains Ownership Stake

Harrisburg, PA (December 1, 2021) – McClure Company, Inc., one of Pennsylvania’s largest mechanical contracting and energy services firms, headquartered in Harrisburg, has sold an ownership interest to Sojitz Corporation of America (SCA), a global trading company headquartered in New York and Tokyo, effective immediately, announced Chip Brown, McClure President.

“This is a momentous time in the growth of McClure Company. Our 68-year reputation for performance and innovation in mechanical construction and energy services has attracted the attention of a highly respected global partner—Sojitz Corporation of America,” says Brown. “Their 100-year legacy of investing in groundbreaking companies, supporting teams with their network, and creating new business value is in perfect alignment with McClure’s mission.”

McClure Company will continue operating as a private company under the new ownership agreement with no business changes from the employee or customer perspectives. “We are the same company, with the same management team, offices, and president,” says Brown. McClure Company is retaining its entire workforce which ensures zero disruption in workflow.

“The future of energy is ours to build and SCA provides McClure with significant additional resources for new acquisitions, geographic growth, and financial solutions. As the need for transformative and complex energy solutions evolves, we are now uniquely prepared to develop, finance, and deliver them,” says Brown.

Sojitz Corporation of America invests in global infrastructure, energy, and sustainable businesses, and their U.S. target markets complement McClure Company’s core businesses in energy services, renewables, and health care. This partnership is SCA’s first foray into energy services in the United States. “The Sojitz America leadership team understands and values the human component of our industry and company. Our people are our greatest asset and both companies place a high value on the trust, strengths, and potential of our people,” says Brown.

“Sojitz is well-positioned to strengthen and expand McClure’s energy services platform, an area where they have demonstrated significant growth and performance, especially in the promising markets of renewables and power projects,” says Shu Takeoka, SCA Assistant Director. “We are focused on the possibilities of tomorrow and will support the McClure team by developing energy solutions that combine both companies’ assets, functions, and services.”

McClure Company will continue to grow with the support of their longstanding partners Mid Penn Bank, AIA Alera Group and Liberty Mutual Group, and the Graham Company. The company would like to thank Kreischer Miller, Stradley Ronon, McNees Wallace & Nurick, and Deeter Gallaher Group for their assistance with the ownership transaction.

ABOUT MCCLURE COMPANY
Headquartered in Harrisburg, McClure Company is one of Pennsylvania’s largest, fully integrated mechanical construction, engineering, maintenance, and energy service companies. With offices in Harrisburg, State College, Williamsport, Wilkes-Barre, Pittsburgh, and Westminster, MD, McClure provides customers with value-driven, energy-efficient building solutions. Incorporated in 1953, McClure Company has a long history of delivering mechanical infrastructure and energy systems for the built environment.

The McClure team takes pride in designing and implementing smart building systems with sustainable capabilities. They align in-house engineers with in-house craftsmen to provide full-service construction customized to customers’ infrastructure needs. McClure proactively manages projects from initial concept and design, through installation and commissioning, including 24-hour service and ongoing maintenance. A Best Places to Work in PA award winner every year since 2009 and #21 on Engineering News-Record’s U.S. Top 50 Firms in Mechanical, McClure Company has earned a reputation for delivering realistic budgets backed by guaranteed schedules. “We don’t miss deadlines.”

ABOUT SOJITZ CORPORATION OF AMERICA
Sojitz Corporation of America (SCA) is the 100% owned subsidiary of Sojitz Corporation (The Sojitz Group), an integrated global trading company with $17 billion in revenue. Headquartered in Tokyo, Japan, Sojitz has 81 offices, over 400 group companies, and 18,000 employees worldwide. SCA was founded on April 1, 2004, through the merger of Nissho Iwai American Corporation and Nichimen America Inc., two of the most experienced international trading companies in the United States. For over 100 years, The Sojitz Group has done business with trust, reliability, and results, characteristics that are synonymous with the Sojitz name. The Sojitz Group creates value and prosperity by connecting the world with a spirit of integrity.

Through seven business divisions, SCA has the ability to operate across an enormous scope of industries in the Americas and around the world. Main business activities include trade, marketing and distribution, international project management, trade financing and project financing, transportation, insurance, and customs services, natural resource development, direct investment, debt financing, leasing, and asset-based financing.

Sojitz Corporation of America manages operations in the U.S., Canada, Mexico, and Central and South America through a hemisphere-wide network of offices and a diverse group of companies.

ADDITIONAL COVERAGE
Sojitz Press Release
PennLive Article
Central Penn Business Journal Article
FMI Capital Advisors Article
Stradley Ronon Article