Peak Utility Services Group Acquires Superior Pipeline Services
18 Mars 2021 - 6:00PM
Business Wire
Transaction Strengthens Peak’s Texas
Presence
Peak Utility Services Group (Peak), a nationwide provider of
integrated infrastructure services to the natural gas, electric and
telecommunication industries, announced today the acquisition of
Superior Pipeline Services (SPS), a leading natural gas utility
services contractor in Texas. Founded in 2001 and headquartered in
Fort Worth, TX, SPS has built long-standing relationships with
leading utilities that provide their communities with critical
energy needs.
The acquisition of SPS affirms Peak’s position in Texas’ growing
utility services space. “I am pleased to welcome Superior Pipeline
to the Peak family. We are thrilled to partner with a best-in-class
provider in an attractive, fast-growing market with significant
demand for natural gas utility maintenance, repair and
installation,” said Jason Pickett, CEO of Peak. “With the robust
economic and population growth we have seen in Texas, we are
looking forward to playing a meaningful role in supporting the
ongoing infrastructure needs there with SPS.”
SPS founder and President, Lynn Ayres, will continue to play a
leading role alongside the current management team.
“We are excited to join the Peak family,” said Lynn Ayres. “By
joining Peak, we will continue to provide our customers with
excellent service while investing in our resources and our team.
Peak’s focus on company culture, safety and customer service aligns
well with our values and makes it a logical fit for SPS. We believe
this transaction will enhance our ability to better serve our
communities.”
“We view SPS as a great addition to the platform, which brings
Peak front-and-center into a highly attractive market,” said
Mohammed Khalil, Director, ORIX Capital Partners, the private
equity platform of ORIX Corporation USA, whose managed fund
acquired Peak in 2018. “This acquisition supports Peak’s position
as a leading provider of mission-critical utility services, and we
look forward to further accomplishments building on combined
strengths.”
Peak Utility Services Group
Peak Utility Services Group (Peak) is a Denver-based leading
provider of maintenance, repair, upgrade and installation services
for the telecom, electric and natural gas infrastructure markets in
the Pacific Northwest and Intermountain West regions of the United
States. Peak provides its comprehensive suite of services through
four operating units: SiteWise, Track Utilities, Kelly Cable, and
Riley Brothers. Collectively, the company serves its customers
through 50 locations with a highly trained workforce of over 1,600
employees. As a leader in utility services, the company has
received numerous awards, outpacing the industry with advancements
in safety, quality, customer service and strategic decision-making.
For more information, visit www.peakusg.com.
ORIX Capital Partners
ORIX Capital Partners (OCP), the operationally-focused private
equity team of ORIX Advisers, LLC and a wholly-owned subsidiary of
ORIX Corporation USA (ORIX USA), manages a fund that seeks to make
direct equity investments in established middle-market companies
throughout North America, spanning a variety of industries,
including industrial services, business services, and general
industrials. For more information about OCP and its capabilities,
please visit www.orixcapitalpartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210318005658/en/
Rohini Pragasam Rohini.Pragasam@orix.com 646.319.3680
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