DualStar Technologies Corp. announced that Exelon Capital Partners Inc., a subsidiary of PECO Energy Co., will invest $55 million in the large mechanical contractor.
The investment will include the purchase of about 10.5 million shares of newly-issued convertible preferred stock of DualStar at $5.25 per share, pending stockholder approval. It is anticipated that Exelon will own nearly 26 percent of the issued DualStar stock when the transaction is closed.