Infrastructure & Outsourced Services: Momentum Across Key Segments

Energy, Power & Infrastructure

Business Services

Industrials

MicrosoftTeams-image

Waste Harmonics Redefines Managed Waste Services

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Renewables & Distributed Energy Q3 2023

Renewables and Distributed Energy - EPI Stock

Power Components: T&D Trends Spark Investor Interest

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Energy Management Q3 2023

Technology

energy management solar panels - stock

Architecture, Engineering & Construction Software Q3 2023

AEC Software - Stock - Medium

Engineering & Construction Q3 2023

E&C Sector Brief 2023

Renewable Energy Operations & Maintenance: Essential Services, Expanding Demand

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 Testing, Inspection, Certification & Compliance (TICC) Q2 2023

TICC

The Circular Economy: Revolutionizing Waste Management Practices

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Saber Power Services, LLC Acquired by Greenbelt Capital Management, L.P.

Mergers & Acquisitions

Utility & Telecom

6038 Saber Power Services NT

Systems Control to Be Acquired by Hubbell 

Energy Technology

5961 Systems Control NT - PENDING

RHV Capital's Traffic Control Group & Texas Traffic and Barricade

United States

6130 AWP Inc (Project Wolverine) NT

GME Supply Company Acquired by Incline Equity Partners

Specialty Distribution

5829 GME Supply Co (Project Tiger) NT

Tower Engineering Professionals

5987 Tower Engineering Professionals NT

Hultec USA

6037 Hultec USA NT

USG Water Solutions

5906 USG Water Solutions (Suez Advanced Solutions Project Leopard) NT

Ardurra Group

5827 Ardurra Group NT

Apex Companies

5887 Apex Companies NT

Versa Integrity Group

Testing, Inspection, Certification & Compliance

5278 Versa Integrity Group NT

USIC

5681 USIC NT

D&H United Fueling Solutions

5574 D&H United Fueling Solutions

Harris Williams advised Terra Millennium Corporation, a portfolio company of Court Square Capital Partners, on its sale to H.I.G. Capital. Terra Millennium is a leading national provider of outsourced industrial maintenance services, including refractory maintenance and other specialized services.

Terra Millennium Corporation

Infrastructure

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Harris Williams advised Southwire Company, one of North America's largest wire and cable producers and a preeminent influence in the industrial electrical space, on its acquisition of Novinium Inc., a cable rejuvenation solutions provider focused on electric utilities. 

Novinium

5548 Novinium (Southwire) NT

Harris Williams advised QualTek, a portfolio company of Brightstar Capital Partners, on its merger with Roth CH Acquisition III Co. QualTek is a leading turnkey provider of infrastructure services to the 5G wireless, telecom and renewable energy sectors.

Qualtek

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Harris Williams advised Investcorp on its acquisition of RESA Power, a portfolio company of Blue Sea Capital. RESA Power is a market leader in providing maintenance and testing, systems integration, and related distribution services to customers across the renewables, commercial, and industrial end markets in North America.

RESA Power

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Harris Williams advised TRC Companies, a portfolio company of New Mountain Capital, on its sale to Warburg Pincus. TRC is a leading global consulting, engineering, and construction firm that provides environmentally focused and digitally powered solutions.

TRC Companies

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Harris Williams advised Integrated Power Services (IPS), a portfolio company of Odyssey Investment Partners, on its sale to Searchlight Capital. IPS is a leading provider of electric motor and generator repair services primarily to the power generation, petrochemical, metals, mining, and pulp/paper end markets.

Integrated Power Services (IPS)

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Harris Williams advised Fidelity Building Services Group, a portfolio company of funds managed by Oaktree Capital Management, on its sale to Onex Corporation. Fidelity BSG is a leading provider of technical building solutions for the commercial and industrial facilities market, delivering best-in-class, non-discretionary services through every phase of a building&rsquo;s lifecycle.

Fidelity Building Services Group

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Harris Williams advised Owen Equipment Company, a portfolio company of CenterGate Capital, on its sale to Wynnchurch Capital. Owen is a leading specialty equipment platform providing critical infrastructure solutions to municipal, utility and commercial customers throughout the western United States.

Owen Equipment Company

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Harris Williams advised Tachyon Communication Services (Tachyon), a portfolio company of MSouth Equity Partners, on its merger with NextEdge, a portfolio company of Bow River Capital. Tachyon is a leading provider of wireless and wireline infrastructure services across the telecommunications field services industry going to market through four affiliates, NIS, Source Broadband, Summitt Cellular and Towersource.

Tachyon Communication Services

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Harris Williams advised ArchKey Solutions (ArchKey), a portfolio company of funds managed by the GFI Energy Group of Oaktree Capital Management, on its significant investment from an affiliate of One Rock Capital Partners. ArchKey is a premier electrical and technologies contracting and services provider.

ArchKey Solutions

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Harris Williams advised Artera, a portfolio company of Clayton, Dubilier & Rice, on its acquisition of Feeney Utility Services Group. Feeney Utility Services Group is a natural gas utility services provider, handling engineering, installation, repair, and maintenance of distribution infrastructure.

Feeney Utility Services Group

5433 Feeney (Artera Services)

Harris Williams advised Arcline Investment Management, a growth-oriented private equity firm, on the creation of a leading electric infrastructure service platform formed by the acquisitions of North American Substation Services and Electric Power Systems from Industrial Growth Partners, who will retain a minority investment in the combined company.

Electric Power Systems and North American Substation Services

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Harris Williams advised Sparus Holdings, Inc. (Sparus), a portfolio company of Source Capital, on its sale to Ridgemont Equity Partners. Sparus and its subsidiaries, Southern Cross and The Spear Group, deliver critical outsourced services to North America&rsquo;s leading utilities.

Sparus

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Harris Williams advised Applied Technical Services (ATS) on its sale to Odyssey Investment Partners. ATS is a premier provider of high quality engineering, testing, and inspection services, with key expertise in metallurgy, materials testing, chemical analysis, non-destructive testing, calibrations, fires and explosions. 

Applied Technical Services

4952 Applied Technical Services (ATS) NT

Harris Williams advised Inframark, a portfolio company of PPC Enterprises and Alston Capital Partners, on its new partnership with New Mountain Capital. Inframark is an infrastructure services company focused on operation and maintenance of water and wastewater systems, management of community infrastructure, and back-office services.

Inframark

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ADB Companies, a provider of end -to-end solutions for the communication, utility, and technology industries and subsidiary of Keeley Companies, has been acquired by Warren Equity Partners.

ADB Companies

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Enercon

6001 Enercon NT

PowerTeam Services, a leading provider of integrated infrastructure services to the natural gas and electric industries backed by Clayton, Dubilier & Rice, has acquired Centerpoint Energy&#39;s Miller Pipeline and Minnesota Limited (collectively, MVerge). 
 
 Harris Williams advised PowerTeam Services on the transaction.

MVerge

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A leading provider of on-site high velocity thermal spray cladding, ceramic protection and other engineered products to solve metal wastage and reliability problems for some of the world&rsquo;s most valuable, mission-critical equipment 
 
 A portfolio company of Industrial Growth Partners 
 
 Has been acquired by J.F. Lehman & Company

Integrated Global Services

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A leading provider of specialty welding and turnaround services to refinery, petrochemical and industrial customers 
 
 A portfolio company of Hastings Equity Partners 
 
 Has been acquired by ORIX Capital Partners

Specialty Welding and Turnarounds

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A leading provider of deep-foundation solutions for energy, industrial and power end markets 
 
 A portfolio company of Intervale Capital 
 
 Has been acquired by a newly-formed entity owned primarily by White Deer Energy

TorcSill Foundations

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A leading provider of demand-side management (DSM) solutions to utility clients. 
 
 A portfolio company of Kohlberg & Company

Franklin Energy Group

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Solomon Corporation, a portfolio company of funds managed by the GFI Energy Group of Oaktree Capital Management, is one of the nation&rsquo;s largest rebuilders of transformers, regulators and reclosers for large utilities, municipal utilities and electric cooperatives, and industrial power users. Solomon Corporation has been acquired by Sunbelt Transformer, a portfolio company of Trilantic North America.

Solomon Corporation

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Reliability Services, the lubrication management and chemical cleaning solutions division of CIRCOR International 
 
 Has been acquired by an affiliate of RelaDyne 
 
 A portfolio company of Audax Private Equity 
 
 Harris Williams advised CIRCOR International on the transaction.

Reliability Services (a division of CIRCOR)

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A leading provider of inspection, maintenance, and rehabilitation services and products in the utility services sector.

Osmose Utilities Services

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A leader in demand response and distributed energy resources in North America. 
 
 A portfolio company of H.I.G. Capital 
 
 Has been acquired by LS Power, New York, New York

CPower

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A premier specialty maintenance, repair, and installation services provider. 
 
 A portfolio company of Charlesbank Capital Partners, Boston, Massachusetts 
 
 Has been acquired by HC2 Holdings, New York, New York 
 
 And merged with DBM Global, Phoenix, Arizona

GrayWolf Industrial

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A leading provider of maintenance and construction services to the U.S. utility industries. 
 
 A portfolio company of Kelso & Company 
 
 Has been acquired by Clayton Dubilier & Rice, New York, New York

PowerTeam Services, LLC

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DMC Power Acquired by Golden Gate Capital

5800 DMC Power (Project Power) NT

Waste Harmonics Merged With Keter Environmental Services

Waste Harmonics

5856 Waste Harmonics NT

5682 Enercon NT

Harris Williams advised ESG Operations on its merger with Inframark, a portfolio company of New Mountain Capital. ESG provides full-service operation, maintenance, management and consulting services to governmental and private sector entities, principally to support water and wastewater infrastructure.

ESG Operations

5341 ESG Operations NT

Harris Williams advised Technical Safety Services, a portfolio company of The Edgewater Funds and JZ Partners, on its sale to Levine Leichtman Capital Partners. Technical Safety Services is a leading provider of testing, inspection, certification, and calibration services to customers in the pharmaceutical, biotechnology, healthcare, and other life sciences end markets.

Technical Safety Services (TSS)

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Harris Williams advised Riggs Distler & Company, Inc., a portfolio company of funds managed by Oaktree Capital Management, L.P., on its sale to Centuri Group, Inc., a wholly-owned subsidiary of Southwest Gas Holdings, Inc. Riggs Distler is a leading provider of power and utility services throughout the Northeast and Mid-Atlantic regions of the United States.

Riggs Distler

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Harris Williams advised Veregy, a portfolio company of Bow River Capital, on its sale to Court Square Capital Partners. Veregy is an energy services company that designs, engineers and implements eco-friendly building and system optimizations that minimize upfront costs and produce meaningful energy and operational savings.

Veregy

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Harris Williams advised Qualus Power Services (Qualus), a portfolio company of Mason Wells, on its sale to New Mountain Capital. Qualus is a leading provider of engineering and specialized technical field services to utility and private power grid infrastructure.

Qualus Power Services

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A provider of mission-critical technical services that help its public and private sector clients test, inspect, certify, plan, design and manage a wide variety of projects across the transportation, commercial, industrial, government, education and other nonresidential markets

Atlas Technical Consultants

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Harris Williams advised Area Wide Protective (AWP), a portfolio company of The Riverside Company, on its sale to Kohlberg & Company. AWP is a leading provider of traffic-control services and equipment to electric and gas utilities as well as to telecommunications and infrastructure customers.

Area Wide Protective

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Renewables & Distributed Energy

EPI Renewables & Distributed Energy Key Focus Area

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Harris-Williams Bio-Header DrewSpitzer

Drew Spitzer is a managing director at Harris Williams in the firm's Energy, Power & Infrastructure Group. He has deep experience advising clients in the infrastructure; environmental services; engineering and construction; TICC; energy management; renewables and distributed energy;  and energy technology sectors.

Drew, who joined the firm in 2004, has more than 20 years of experience advising clients on mergers and acquisitions and strategic advisory assignments, including divestitures, financings, and capital raising. He is based in our Richmond office.

__Education:__ M.B.A. from Columbia Business School and B.A. in Economics from the University of Virginia

Group Head, Managing Director