First Reserve to acquire Goldfield for $194m.

First Reserve, a private equity firm specializing in leveraged buyouts and growth capital investments, agreed to acquire Goldfield, a provider of electrical transmission and distribution maintenance services for utility and industrial customers, for $194m. "This investment highlights First Reserve’s continued commitment to building leading platforms which play a crucial role in maintaining and enhancing mission-critical infrastructure. As the domestic power generation mix continues to diversify, including the transition to increasingly adopt sustainable sources of electricity such as renewables, we believe Goldfield is well positioned to participate in these long-term trends driven by increased focus on ESG, reliability and asset integrity," Jeff Quake, First Reserve Managing Director.