Sentinel Capital Partners has invested an undisclosed amount in Precision Pipeline Solutions LLC, in partnership with company management. PPS is a Newburgh, N.Y.-based provider of technical services that help utilities to maintain and operate their natural gas and electric infrastructure.
Sentinel Capital Partners, a private equity firm that invests in promising, smaller middle-market companies, announced today an investment in Precision Pipeline Solutions, LLC with PPS management. PPS is a specialty utility services provider that provides technical services that enable utilities to maintain and operate their natural gas and electric infrastructure. Management and Sentinel are partners in the transaction, the terms of which were not disclosed.
“The energy infrastructure in the United States, particularly in older cities, such as those in the Northeast, where PPS operates, has a continuing need for the services provided by PPS,” said Michael Fabian, a vice president at Sentinel. “We believe this is a promising market in which to invest, and PPS is particularly well-positioned for growth.”
Headquartered in Newburgh, NY, PPS is a valued partner of its utility clients. PPS’s technically qualified personnel provide a broad range of services, including inspecting, repairing, replacing, and maintaining natural gas and electric transmission, distribution, and generation systems, as well as providing specialized consulting and auditing services.
“We take great pride in the critical services we provide for our utility clients,” said Jon Selander, founder and CEO of Precision Pipeline Solutions. “There is considerable demand for service providers like PPS that approach utilities with a partnership philosophy and a broad portfolio of services. The Sentinel team has a reputation for helping service businesses become stronger competitors, and we believe their support will help us continue to grow our business.”
“All of us at Sentinel are excited to partner with PPS’s management team,” added Eric Bommer, a partner at Sentinel. “Not only are Jon and his team highly skilled and experienced, but they possess an outstanding reputation with utilities throughout the Northeast. We are eager to help them build on this foundation and expand PPS’s presence.”
About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building smaller middle- market companies in the United States and Canada in partnership with management. Sentinel targets consumer products, food and restaurants, franchising, manufacturing, and service businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of between $5 million and $25 million. For more information about Sentinel, visit www.sentinelpartners.com.
About Precision Pipeline Solutions
Based in Newburgh, New York, Precision Pipeline Solutions is a specialty utility services contractor providing a broad range of critical technical services that enable utilities to maintain and operate their natural gas and electric infrastructure. PPS’s range of services include inspecting, repairing, replacing, and maintaining natural gas and electric transmission, distribution, and generation systems as well as providing specialized consulting and auditing services. PPS maintains an in-house operator qualification program that complies with New York State Public Service Commission regulations. PPS’s clients currently include several of the largest utilities in the Northeast. For more information about Precision Pipeline Solutions, visit www.precisionpipelinesolutions.com.