Peak Expands SiteWise with Acquisition of Utility Sales & Service Inc.
August 01 2019 - 9:00AM
Business Wire
Utility services company plans to expand
footprint across U.S.
Peak Utility Services Group (“Peak”), a nation-wide provider of
outsourced utility services across the natural gas, electric power,
and telecom end-markets, announced the expansion of wholly-owned
subsidiary, SiteWise LLC (“SiteWise”), with the acquisition of
Utility Sales & Service Inc. (“USSI”). Based in Longmont,
Colo., USSI provides electric and water metering services for
investor-owned and cooperative utilities. USSI will become a
division of SiteWise, a leading provider of utility construction
services.
“The addition of USSI allows SiteWise to further expand our
service offerings nationwide,” said Ben Moe, President of SiteWise.
“USSI is a recognized leader for electric meter services within its
markets and has an outstanding track record of delivering safe and
reliable electric metering services to its customers.” Jason
Pickett, CEO of Peak added, “We look forward to working with USSI
to further expand its footprint, leveraging our combined
capabilities and customer relationships.”
USSI is led by its founder Pat Arias, and Michael Arias. In
conjunction with the transaction, Pat Arias will be retiring as
Michael Arias and the existing management team will continue to
lead daily operations and provide strategic direction alongside
SiteWise. “Joining forces with SiteWise will allow us to further
enhance our capabilities and service offering,” Michael Arias said.
“This partnership will strengthen our ability to serve our existing
customers. USSI will have the ability to leverage the relationships
Peak has in place, allowing us to bring our unique quality metering
services to a broader base.”
Peak was acquired by ORIX Capital Partners in June 2018. “As
Peak embarks upon its consolidation strategy, we view USSI as a
compelling opportunity that strengthens the platform,” said Terry
Suzuki, President and CEO of ORIX Capital Partners. “The
acquisition of USSI furthers Peak’s strategy to become a leading
utility services platform and to build 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 is a subsidiary of ORIX Corporation USA.
It sponsors direct equity investments to support growth and
performance among established middle-market companies throughout
North America, spanning a variety of industries. For more
information, visit www.orixcapitalpartners.com.
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Mike Graham mgraham@marketwave.biz 214.302.8854
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