ORIX
Capital Partners announced the acquisition of Peak
Utility Services Group (Peak), a Denver-based leading 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.
Peak provides its comprehensive suite of services through three
operating units: SiteWise, Track Utilities and Kelly Cable.
Collectively, the company serves its customers through 22 locations with
a highly trained workforce of nearly 1,000 employees. As a leader in
utility services, the company has received numerous awards, outpacing
the industry with advancements in safety, quality, customer service and
strategic decision-making.
“Peak is an exceptional utility services platform with a strong
reputation for outstanding customer service. The management team has
done an excellent job of building a differentiated utility services
provider of scale,” said Terry
Suzuki, President and CEO of ORIX Capital Partners. “The services
provided by Peak are in high demand as our country’s infrastructure ages
and demand increases for broadband investment.”
Current Peak CEO Lee Wilkerson will remain with the company in an
advisory role as he transitions to retirement. Wilkerson will be
succeeded by utility industry veteran Kristine Schmidt, who brings more
than 35 years of utility-related experience to the role.
“Lee Wilkerson has transformed Peak into a leading outsourced utility
services provider with a strong track record,” said Chris
Suan, Senior Managing Director at ORIX Capital Partners. “We are
excited to partner with Kristine Schmidt, who has held key leadership
roles within the utility sector and is uniquely qualified to lead the
company through its next phase of growth.”
“Peak continues to look for best-in-class utility services companies in
the telecom, electric and natural gas industries that would expand its
geographic footprint and service capabilities,” Suzuki said. “ORIX
Capital Partners is committed to helping Peak grow its business.”
Harris Williams & Co. served as financial adviser and Kirkland & Ellis
LLP served as legal adviser to Peak. Weil, Gotshal & Manges LLP served
as legal adviser to ORIX Capital Partners.
About Peak Utility Services Group
Peak is a leading utility services provider serving the natural gas,
telecom and electric utility markets in the Pacific Northwest and
Intermountain West regions of the United States. For more information,
please visit www.peakusg.com.
About ORIX Capital Partners
ORIX
Capital Partners makes direct control private equity investments
that support growth and performance among established middle-market
companies throughout North America. The team’s expertise spans
industries including industrials, infrastructure services,
transportation and business services. ORIX Capital Partners is a
business unit of ORIX
Corporation USA (ORIX USA), a Dallas-based financial services firm.
ORIX USA’s parent company, ORIX
Corporation, is a publicly owned international financial services
company with operations in 38 countries and regions worldwide. For more
information, please visit www.orixcapitalpartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180629005037/en/
Copyright Business Wire 2018
Source: Business Wire
(June 29, 2018 - 9:00 AM EDT)
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