ORIX Capital Partners Acquires Peak Utility Services Group
June 29 2018 - 09:00AM
Business Wire
ORIX Capital Partners announced the acquisition of Peak Utility
Services Group (Peak), 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 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.
“Peak is an exceptional utility services platform with a strong
reputation for outstanding customer service. The management team
has done an excellent job of building a differentiated utility
services provider of scale,” said Terry Suzuki, President and CEO
of ORIX Capital Partners. “The services provided by Peak are in
high demand as our country’s infrastructure ages and demand
increases for broadband investment.”
Current Peak CEO Lee Wilkerson will remain with the company in
an advisory role as he transitions to retirement. Wilkerson will be
succeeded by utility industry veteran Kristine Schmidt, who brings
more than 35 years of utility-related experience to the role.
“Lee Wilkerson has transformed Peak into a leading outsourced
utility services provider with a strong track record,” said Chris
Suan, Senior Managing Director at ORIX Capital Partners. “We are
excited to partner with Kristine Schmidt, who has held key
leadership roles within the utility sector and is uniquely
qualified to lead the company through its next phase of
growth.”
“Peak continues to look for best-in-class utility services
companies in the telecom, electric and natural gas industries that
would expand its geographic footprint and service capabilities,”
Suzuki said. “ORIX Capital Partners is committed to helping Peak
grow its business.”
Harris Williams & Co. served as financial adviser and
Kirkland & Ellis LLP served as legal adviser to Peak. Weil,
Gotshal & Manges LLP served as legal adviser to ORIX Capital
Partners.
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/20180629005037/en/
ORIX Capital PartnersAmanda Rider,
972-770-5083arider@marketwave.bizorJeff Smith,
214-237-2301Jeff.smith@orix.com
Orix (NYSE:IX)
Historical Stock Chart
From Feb 2024 to Mar 2024
Orix (NYSE:IX)
Historical Stock Chart
From Mar 2023 to Mar 2024