Peak Utility Services Group completed the acquisition of 5 Star Electric, Higher Power Electrical, and Python Equipment from Lion Power Services for $108.7m.

Peak Utility Services Group, a company specializing in providing end-to-end infrastructure solutions, completed the acquisition of 5 Star Electric, a full-service provider of electrical construction, maintenance, and repair services, Higher Power Electrical, a company focused on delivering electrical services, and Python Equipment, a company that provides secret products and services, from Lion Power Services, a company that operates in the electrical and utilities industry, for $108.7m. "We strongly believe that this transaction will be accretive for our shareholders. Mammoth entered the infrastructure sector in 2017 with the acquisitions of 5 Star and Higher Power, which we have grown and added to through organic development to generate more than $90 million of revenue annually in each of the last three years. This transaction unlocks significant value for the Mammoth enterprise. With approximately $160 million in cash on the balance sheet, we are actively exploring opportunities to deploy capital at accretive returns for the Company," Arthur Amron, Mammoth Energy Services Chairman of the Board of Directors.