Peak
Utility Services Group (Peak) announced today that the company was
acquired by New York-based ORIX
Capital Partners. Based in Denver, Peak is a 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.
“We’re proud of our company’s successful past and look forward to the
new opportunities ahead that we will gain from being a part of the ORIX
Capital Partners family,” said Peak CEO Lee Wilkerson.
Wilkerson will remain with the company in an advisory role as he
transitions to new adventures. He will be succeeded by utility industry
veteran Kristine Schmidt, who brings more than 35 years of
utility-related experience to the role.
“I look forward to drawing on my past experiences and background to lead
the company into this next chapter,” Schmidt said. “Lee has done an
exceptional job of growing Peak’s presence and positioning the company
for further growth, and I’m honored to take the reins from him.”
Moving forward, ORIX Capital Partners will help Peak expand its
geographic footprint and service capabilities. “Our aim is to always
serve as a growth catalyst for the companies we partner with,” said
Terry Suzuki, President and CEO of ORIX Capital Partners. “We knew Peak
would be a good fit for us based on its successful track record and
dedicated employees. We’re excited to see where we can go together.”
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/20180629005035/en/
Copyright Business Wire 2018
Source: Business Wire
(June 29, 2018 - 9:00 AM EDT)
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