Ridgemont Equity Partners-backed Sparus completed the acquisition of United Locating Services.

Ridgemont Equity Partners-backed Sparus, a provider of a complementary suite of outsourced field and professional services for utility and industrial customers, completed the acquisition of United Locating Services, a premier underground utility locating and damage prevention service provider. Financial terms were not disclosed. “The acquisition of ULS is a particularly important and exciting development for Sparus. Utility locating and damage prevention is a service area we prioritized for expansion, and ULS’s market presence and expertise is highly complementary to our operations and organic growth initiatives. Moreover, Sparus and ULS have similar cultures and shared values, including a mutual commitment to excellence in service quality, safety, and client satisfaction. We’re excited to welcome Scott Smith, founder of ULS, and his leadership team to Sparus, and we look forward to working together with ULS to continue to provide best-in-class solutions to our collective customer base,” Rich Summers, Sparus CEO.