Peak Utility Services Group Acquires Riley Brothers, Inc.
11 January 2020 - 4:05AM
Business Wire
Partnership will support infrastructure
modernization efforts in New England
Peak Utility Services Group (“Peak”) announced today the
acquisition of Riley Brothers, Inc. (“Riley Brothers”), a leading
provider of natural gas and electric utility construction services
in New England, serving major utilities in key strategic markets.
Founded in 1995 and headquartered in Stoughton, Massachusetts,
Riley Brothers has built long-standing relationships with leading
utilities while achieving consistent growth.
“The addition of Riley Brothers into the Peak platform allows us
to expand our presence into a key market,” said Jason Pickett, CEO
of Peak. “New England has among the oldest infrastructure in the
country and is currently undergoing long-term modernization efforts
led by the area’s utilities and backed by public support. We are
excited to play a role in this initiative.”
Riley Brothers’ Founder and President, Timothy Riley, will
continue to lead the company alongside the current management team.
“We are excited to enter this partnership with Peak and are
confident that the additional capital and resources provided will
enable us to better serve our customers, invest in our workforce,
and support our overall expansion,” Tim Riley said. “From the
beginning, we have planned every step of our growth, such as adding
highly supplemental service lines, with our customers and employees
in mind. In Peak, we have found the right partner that aligns with
our priorities.”
ORIX Capital Partners acquired Peak in June 2018. “As Peak
continues to execute on its consolidation strategy, we view Riley
Brothers as a best-in-class partner to bring onto the platform,”
said Mohammed Khalil, Director, ORIX Capital Partners. “The
acquisition of Riley Brothers furthers Peak’s goals of becoming a
leading national utility services platform while building out a
robust suite of value-added capabilities.”
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
three operating units: SiteWise, Track Utilities and Kelly Cable.
Collectively, the company serves its customers through 22 locations
with a highly trained workforce of over 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. For more
information, visit www.peakusg.com.
ORIX Capital Partners LLC
ORIX Capital Partners makes direct control private equity
investments that seek to support growth and performance among
established middle-market companies throughout North America. For
more information, visit www.orixcapitalpartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200110005442/en/
Jeff Smith jeff.smith@orix.com 214.237.2301
Dione Martin dmartin@marketwave.biz 972.852.2725
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