Tricor Pacific Capital Partners Fund IV, the Chicago- and Vancouver-based private equity firm, exited its provider of utility damage prevention services firm, Consolidated Utility Services, selling it to OMERS Private Equity. Specifics were not disclosed; Tricor acquired the company in 2007. The value created over the life of the CUS investment has resulted in an IRR of 28% and a cash-on-cash return of over 2.5x for Tricor’s investors.
Consolidated Utility Services, Inc. (“CUS”) is an industry leading and geographically diversified
provider of utility damage prevention process services and solutions, including underground
utility locating and one-call management services.
CUS was acquired in an all-cash transaction by United States Infrastructure Corporation, a portfolio
company of OMERS Private Equity. The transaction closed on July 29, 2011.
Tricor Pacific Capital Partners (Fund IV), Limited Partnership (“Tricor”), in partnership with management,
acquired CUS in March 2007. During the subsequent four years, Tricor worked agressively with CUS to
grow revenue and earnings through a combination of organic and acquisitive growth. CUS completed six
add-on acquisitions, and made a strategic capital investment to acquire a key technological asset. The
value created over the life of the CUS investment has resulted in an IRR of 28% and a cash-on-cash
return of over 2.5x for Tricor’s investors.
Tricor is a leading private equity firm that invests in profitable, well-managed, middle-market companies
located in the West and Midwest regions of Canada and the United States. Tricor currently manages
approximately $1 billion in capital, and is investing its fourth fund with $555 million in committed capital.
To learn more about Tricor, visit www.tricorpacific.com.
For more information on this transaction, please contact Brad Seaman or Scott Daum
in Tricor’s Chicago office.