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PE-backed Peak acquires Superior Pipeline Services

Peak Utility Services Group has acquired Fort Worth, Texas-based Superior Pipeline Services, a natural gas utility services contractor.

Peak Utility Services Group has acquired Fort Worth, Texas-based Superior Pipeline Services, a natural gas utility services contractor. No financial terms were disclosed. Peak is backed by ORIX Capital Partners.

PRESS RELEASE

Denver (March 18, 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 Fort Worth, TX, SPS has built long-standing relationships with leading utilities that provide their communities with critical energy needs.

The acquisition of SPS affirms Peak’s position in Texas’ growing utility services space. “I am pleased to welcome Superior Pipeline to the Peak family. We are thrilled to partner with a best-in-class provider in an attractive, fast-growing market with significant demand for natural gas utility maintenance, repair and installation,” said Jason Pickett, CEO of Peak. “With the robust economic and population growth we have seen in Texas, we are looking forward to playing a meaningful role in supporting the ongoing infrastructure needs there with SPS.”
SPS founder and President, Lynn Ayres, will continue to play a leading role alongside the current management team.

“We are excited to join the Peak family,” said Lynn Ayres. “By joining Peak, we will continue to provide our customers with excellent service while investing in our resources and our team. Peak’s focus on company culture, safety and customer service aligns well with our values and makes it a logical fit for SPS. We believe this transaction will enhance our ability to better serve our communities.”

“We view SPS as a great addition to the platform, which brings Peak front-and-center into a highly attractive market,” said Mohammed Khalil, Director, ORIX Capital Partners, the private equity platform of ORIX Corporation USA, whose managed fund acquired Peak in 2018. “This acquisition supports Peak’s position as a leading provider of mission-critical utility services, and we look forward to further accomplishments building on combined strengths.”

Peak Utility Services Group
Peak Utility Services Group (Peak) is 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 four operating units: SiteWise, Track Utilities, Kelly Cable, and Riley Brothers. Collectively, the company serves its customers through 50 locations with a highly trained workforce of over 1,600 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. For more information, visit www.peakusg.com.

ORIX Capital Partners
ORIX Capital Partners (OCP), the operationally-focused private equity team of ORIX Advisers, LLC and a wholly-owned subsidiary of ORIX Corporation USA (ORIX USA), manages a fund that seeks to make direct equity investments in established middle-market companies throughout North America, spanning a variety of industries, including industrial services, business services, and general industrials. For more information about OCP and its capabilities, please visit www.orixcapitalpartners.com.