DALLAS, Aug. 28, 2020 /PRNewswire/ -- The Dallas
Business Journal recently announced that GridLiance, an
independent electric transmission utility holding company, has been
named to the sixth annual Middle Market 50 list. GridLiance was
among 23 new companies on the list, which recognizes private and
public companies based in the Dallas-Fort
Worth area with the highest growth percentage from 2017 to
2019 and annual revenue between $10
million and $1 billion.
This is the first time GridLiance has been included on the
Middle Market 50 list. From 2017 to 2019, GridLiance closed on
several acquisitions and expanded its footprint beyond Oklahoma to include Illinois, Missouri, Kentucky and Nevada. The company owns and operates hundreds
of miles of transmission lines and related substation
infrastructure with operations in the California Independent System
Operator (CAISO), Southwest Power Pool (SPP) and Midcontinent
Independent System Operator (MISO) regions.
"This recognition reflects GridLiance's ability to aggressively
pursue growth opportunities and our commitment to addressing the
unique needs of electric cooperatives and municipal utilities,"
said GridLiance President and CEO Calvin
Crowder. "I am proud of our dynamic team's success in
executing our long-term strategic plan to invest in and improve the
reliability of the electric grid."
The Middle Market 50 list is an annual research project that
ranks companies based on a formula that includes a revenue growth
percentage over a three-year period as well as other factors. The
50 companies will be honored and their rankings revealed on
Wednesday, September 9, during a
virtual event.
About GridLiance
GridLiance is an independent electric
transmission utility holding company. GridLiance collaborates with
rural electric cooperatives, municipal utilities, joint action
agencies and others to plan for the future of the grid, invest in
necessary electric infrastructure and implement strategies to
improve system reliability and resiliency and reduce overall costs
to customers. Based in Dallas,
GridLiance operates more than 700 miles of transmission lines and
related substation facilities in Illinois, Kentucky, Missouri, Nevada and Oklahoma. GridLiance is a portfolio company of
Blackstone Energy Partners, an affiliate of Blackstone (NYSE: BX), a leading energy
infrastructure investor. For more information about GridLiance,
visit gridliance.com.
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SOURCE GridLiance