Denver, CO (March 16, 2021) – Peak Utility Services Group (“Peak”), a nationwide provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, announced today the acquisition of Superior Pipeline Services (“SPS”), a leading natural gas utility services contractor in Texas. Founded in 2001 and headquartered in Ft. Worth, TX, SPS has built long-standing relationships with leading utilities that provide their communities with critical energy needs. EBB Group acted as the exclusive financial advisor to SPS.
Superior Pipeline Services is a leading natural gas utility services contractor located in Fort Worth, Texas. Founded in 2001, SPS has partnered with several key utility companies to provide communities with critical energy needs in the DFW and surrounding counties. This transaction will allow SPS to continue to expand its business base in Texas.
Peak Utility Services Group is a Denver-based provider of maintenance, repair, upgrade and installation services for the telecom, electric and natural gas infrastructure markets in the Pacific Northwest and Intermountain West regions of the United States. The company services customers in over 50 locations with a workforce of over 1,600 employees.
ORIX Capital Partners, a business unit of ORIX Corporation USA, acquired Peak Utility Services in 2018. ORIX focuses on making direct equity investments in established middle-market companies throughout North America, covering industries including industrial services, business services and general industries. They have invested over $560 million for 18 transactions in the last 10 years.
“When our partnership decided to sell our business we chose EBB Group, Eric White and team, to act as our broker,” said Tom Yeakley, one of SPS’ owners and its CFO. “EBB used a defined step-by-step procedure to bring in a number of interested parties. EBB then walked us through the selection process and guided us through due diligence and closing. We faced a number of obstacles along the way, but Eric White and his team were not deterred. Eric never gave up on the deal and we eventually closed to everyone’s elation. Thanks, EBB and team for getting this deal done”.
PR Contact:
Eric White
EBB Group CEO
(972) 440-1070 / ewhite@ebbgroup.net
