Harris Williams & Co. Advises Peak Utility Services Group, Inc. on its Sale to ORIX Capital Partners
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised Peak Utility Services Group, Inc. (Peak), a portfolio company of CIVC Partners, L.P. (CIVC Partners), to ORIX Capital Partners (ORIX Capital). Peak is a leading provider of maintenance, repair and installation of natural gas, electric and telecommunications infrastructure. The transaction was led by Matt White, Drew Spitzer, Luke Semple and Neha Shah of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.
“Peak is one of the leading utility services platforms in its market with an incredible track record of both organic and acquisition-based growth,” said Matt White, a managing director at Harris Williams & Co. “With superior service execution and a best-in-class safety record, the company is uniquely positioned to capitalize on the long-term investment in utility and telecommunications infrastructure.”
“Peak is the latest addition to Harris Williams & Co.’s established resume of advising providers of outsourced utility services, which includes Shermco, USIC, Osmose, PowerTeam and NESCO, among others,” added Drew Spitzer, a managing director at Harris Williams & Co. “We are proud to represent Peak and CIVC Partners in this transaction, and we look forward to following the company’s future success.”
Peak provides a full-suite of services for the recurring maintenance, repair and installation of natural gas, electric and telecommunications infrastructure in the Pacific Northwest and Intermountain West regions of the United States. With approximately 1,000 employees and 20 locations, Peak serves leading utility and telecommunications customers within its footprint. Peak is the parent company to Track Utilities, SiteWise and Kelly Cable.
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services and financial services sectors. Since 1989, the team has invested $1.5 billion in 61 platform companies and currently invests from CIVC Partners Fund V.
ORIX Capital Partners makes direct control private equity investments that support growth and performance among established middle market companies throughout North America. The team’s expertise spans industries including industrials, infrastructure services, transportation and business services. ORIX Capital Partners is a business unit of ORIX USA, a Dallas-based financial services firm. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 38 countries and regions worldwide.
Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s EPI Group has experience across a broad range of sectors, including industrial and infrastructure services, oil and gas equipment and services, energy efficiency and clean tech, power products and technology, engineering and construction and environmental services. For more information on the firm’s energy, power and infrastructure experience, please visit the EPI Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.