Announced
Completed
Financials
Tags
Single Bidder
Acquisition
Friendly
Private
utility damage protection
Specialty Contracting
United States
Minority
Domestic
Private Equity
Completed
Synopsis
Kohlberg, a private equity firm, completed the acquisition of a 50% stake in United States Infrastructure Company, a company which provides a comprehensive solution for utility services and damage prevention, from Partners Group, an investment company for $4.1bn. "We are honored to have the opportunity to work alongside Partners Group to support Mike and the USIC management team in its exciting next chapter of growth. USIC is uniquely positioned as a leading provider of mission-critical safety services to utilities and telecommunications customers, who are undergoing periods of significant growth and transformation driven by grid modernization, continued technological innovation, and further accelerated by infrastructure stimulus," Benjamin Mao, Kohlberg & Company Partner and Head of Infrastructure Services.
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