MPE Partners, a private equity firm, agreed to acquire Precision Pipeline, a provider of pipeline construction services for the gas and oil industry in the United States. Financial terms were not disclosed. "We are thrilled to be investing in Precision. The foundation Matt has laid, centered on providing safe, reliable, and high-quality solutions in demanding applications, will serve us well in the future. The important addition of Mark to the team will enable the Company to pursue new growth avenues, including targeted M&A. We are looking forward to working alongside Matt, Mark, and the full Precision team to capitalize on favorable trends in the utility services industry," Tom Wyza, MPE Vice President.