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New Deal


Announced

Osmose Utilities Services acquired Power Survey Company.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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voltage detection services

Energy / Utility Services

Private

Acquisition

United States

Specialty Contracting

Private Equity

Synopsis

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Osmose Utilities Services, the leading provider of critical inspection, maintenance and restoration services for utility and telecom infrastructure, acquired Power Survey Company, the industry leader in providing mobile contact voltage detection services to major utilities in North America and Europe. Financial terms were not disclosed. Ron Childress, CEO of Osmose commented: “We are pleased to announce this compelling combination with Power Survey. Like Osmose, Power Survey’s critical and recurring services enhance the safety and reliability of utility infrastructure. This is a significant milestone for Osmose and an important step in our long-term strategy of providing our utility and telecom customers with a full suite of high-value services to support their infrastructure. The Power Survey team shares our commitment to unparalleled service, quality and safety, and we are confident that together, we will continue to enhance the reliability of utility infrastructure across North America and Europe. We are excited to welcome Power Survey’s talented and dedicated employees to our team and look forward to working together.”

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