Announced
Financials
Tags
Majority
Single Bidder
construction
Construction Services
Private
Pending
United States
nonresidential buildings
Acquisition
Private Equity
Friendly
Synopsis
White Deer Energy, a private equity firm, agreed to acquire TorcSill Foundations, a provider of engineered helical pile and anchor foundation solutions to clients in a broad range of markets, from Intervale Capital. Financial terms were not disclosed. TorcSill’s turnkey product and service package include in-house research and development, design, manufacturing, installation, and installation consulting services. TorcSill’s helical piles are rigorously tested and customizable to meet specific project needs. TorcSill’s team is one of the most experienced in the industry and trusted to provide foundations for some of the most demanding projects under construction today. “It has been a pleasure to work with Intervale Capital. They have been an excellent partner as TorcSill has expanded over the past several years. The Intervale team has provided valuable strategic and financial guidance that leaves us well-positioned as we move into our next phase of growth. I am excited for the next chapter under White Deer’s stewardship.” Tim Swift, TorcSill Chief Executive Officer.
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