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New Deal


Announced

Completed

CD&R-backed Artera Services completed the acquisition of FUSG from CAI Capital Partners.

Financials

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

Tags

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United States

Acquisition

Private

Domestic

natural gas

Majority

Single Bidder

Gas Distribution

Friendly

Private Equity

Completed

Synopsis

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Clayton, Dubilier & Rice-backed Artera Services, a provider of integrated infrastructure services to natural gas and electric industries, completed the acquisition of Feeney Utility Services Group, a natural gas utility service provider, from CAI Capital Partners, a Vancouver-based private equity firm. Financial terms were not disclosed. "We welcome the FUSG team to the Artera family and we are excited to expand our core natural gas distribution capabilities into the Northeast market. I look forward to working with this talented team and continuing to provide world-class service to our valued customers, with a continued focus on quality and safety," Brian Palmer, Artera CEO.

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