Ridgemont Equity to invest in Sparus Holdings.

Ridgemont Equity, a middle market buyout and growth equity investor, agreed to invest in Sparus Holdings, a provider of end-to-end outsourced field and professional services for utility and industrial customers. Financial terms were not disclosed. “Ridgemont’s Environmental, Power & Infrastructure team is focused on investing in differentiated outsourced services platforms that address the increasing needs of our country’s aging infrastructure to operate in a safe, reliable, and compliant manner. Sparus’ core service offerings and technical talent are critical for its utility customers to maintain and upgrade their assets to ensure grid efficiency and reliability, facilitate the ongoing energy transition, and minimize environmental impacts. We are excited about the growth strategy we’ve developed with Sparus’ management team to expand the Company’s scope of services for existing and new customers," Ryan Jack, Ridgemont Principal.