Harris Williams advised First Reserve on their sale of GridTek Utility Services, a leading provider of repair, maintenance, installation, and upgrade services for electric transmission and distribution infrastructure.
GridTek has operations across the Southeast, mid-Atlantic, Northeast, Southwest, and Pacific Northwest regions of the U.S. and serves a diverse customer base of investor-owned utilities, electric cooperatives, and municipalities.
The company’s comprehensive suite of services supports the modernization and enhancement of the nation’s critical electric infrastructure.
In partnership with First Reserve, GridTek expanded their geographic footprint and further scaled their electric distribution service offering, bolstering their position as a pre-eminent pureplay electric infrastructure services business. The company also grew their operating footprint and service offerings and implemented best-in-class operating practices to prioritize safety and efficiency.
Transmission and distribution service providers continue to see substantial interest from investors thanks to multi-generational tailwinds around demand for electricity, grid hardening and resiliency, and increased share of renewable power sources.
