Jun 14, 2026 – 6.47pmElectrical contractors are among fund managers’ top picks, thanks to a flood of work coming in from data centres.Now, Southern Cross Electrical Engineering, capitalised at $1 billion on the ASX, is ready to make the most of this surge in interest.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Southern Cross Electrical Engineering readies $165m raising
Sources said the raising was underpinned by a big contract win, which would lift earnings guidance for the next financial year to $100 million.
TL;DRAI
Southern Cross Electrical Engineering ($1B ASX valuation) readies $165m capital raise. Data centre infrastructure boom drives contractor demand; capital influx signals sustained capex cycle fueling electrical services expansion as cloud/AI deployment accelerates.
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