{"id":460932,"date":"2021-03-18T13:03:30","date_gmt":"2021-03-18T17:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=460932"},"modified":"2021-03-18T13:03:30","modified_gmt":"2021-03-18T17:03:30","slug":"peak-utility-services-group-acquires-superior-pipeline-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/peak-utility-services-group-acquires-superior-pipeline-services\/","title":{"rendered":"Peak Utility Services Group Acquires Superior Pipeline Services"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Peak Utility Services Group Acquires Superior Pipeline Services <\/b><\/p>\n<p class=\"bwalignc\"><b><i>Transaction Strengthens Peak\u2019s Texas Presence<\/i><\/b><\/p>\n<p>DENVER&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.peakusg.com%2F&amp;esheet=52397858&amp;newsitemid=20210318005658&amp;lan=en-US&amp;anchor=Peak+Utility+Services+Group&amp;index=1&amp;md5=a8eb147cd2f109c27e6adffb8e9f012f\">Peak Utility Services Group<\/a> (Peak), a nationwide provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, announced today the acquisition of Superior Pipeline Services (SPS), a leading natural gas utility services contractor in Texas. Founded in 2001 and headquartered in Fort Worth, TX, SPS has built long-standing relationships with leading utilities that provide their communities with critical energy needs.\n<\/p>\n<p>\nThe acquisition of SPS affirms Peak\u2019s position in Texas\u2019 growing utility services space. \u201cI am pleased to welcome Superior Pipeline to the Peak family. We are thrilled to partner with a best-in-class provider in an attractive, fast-growing market with significant demand for natural gas utility maintenance, repair and installation,\u201d said Jason Pickett, CEO of Peak. \u201cWith the robust economic and population growth we have seen in Texas, we are looking forward to playing a meaningful role in supporting the ongoing infrastructure needs there with SPS.\u201d\n<\/p>\n<p>\nSPS founder and President, Lynn Ayres, will continue to play a leading role alongside the current management team.\n<\/p>\n<p>\n\u201cWe are excited to join the Peak family,\u201d said Lynn Ayres. \u201cBy joining Peak, we will continue to provide our customers with excellent service while investing in our resources and our team. Peak\u2019s focus on company culture, safety and customer service aligns well with our values and makes it a logical fit for SPS. We believe this transaction will enhance our ability to better serve our communities.\u201d\n<\/p>\n<p>\n\u201cWe view SPS as a great addition to the platform, which brings Peak front-and-center into a highly attractive market,\u201d said Mohammed Khalil, Director, ORIX Capital Partners, the private equity platform of ORIX Corporation USA, whose managed fund acquired Peak in 2018. \u201cThis acquisition supports Peak\u2019s position as a leading provider of mission-critical utility services, and we look forward to further accomplishments building on combined strengths.\u201d\n<\/p>\n<p><b>Peak Utility Services Group<\/b><\/p>\n<p>\nPeak 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 four operating units: SiteWise, Track Utilities, Kelly Cable, and Riley Brothers. Collectively, the company serves its customers through 50 locations with a highly trained workforce of over 1,600 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.peakusg.com%2F&amp;esheet=52397858&amp;newsitemid=20210318005658&amp;lan=en-US&amp;anchor=www.peakusg.com&amp;index=2&amp;md5=6934efb2ffa6d64ed02564da2d4d3eed\">www.peakusg.com<\/a>.\n<\/p>\n<p><b>ORIX Capital Partners<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Forixcapitalpartners.com%2F&amp;esheet=52397858&amp;newsitemid=20210318005658&amp;lan=en-US&amp;anchor=ORIX+Capital+Partners&amp;index=3&amp;md5=abdf16de1c3df9a1ad5d9564173d2567\">ORIX Capital Partners<\/a> (OCP), the operationally-focused private equity team of ORIX Advisers, LLC and a wholly-owned subsidiary of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.orix.com%2F&amp;esheet=52397858&amp;newsitemid=20210318005658&amp;lan=en-US&amp;anchor=ORIX+Corporation+USA&amp;index=4&amp;md5=1d9d2daa912c9a75b527546abd04ab0c\">ORIX Corporation USA<\/a> (ORIX USA), manages a fund that seeks to make direct equity investments in established middle-market companies throughout North America, spanning a variety of industries, including industrial services, business services, and general industrials. For more information about OCP and its capabilities, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.orixcapitalpartners.com&amp;esheet=52397858&amp;newsitemid=20210318005658&amp;lan=en-US&amp;anchor=www.orixcapitalpartners.com&amp;index=5&amp;md5=bce413d6d9dac525b1c572402deb5cc0\">www.orixcapitalpartners.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210318005658r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210318005658\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210318005658\/en\/<\/a><\/span><\/p>\n<p>\nRohini Pragasam<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Rohini.Pragasam@orix.com\">Rohini.Pragasam@orix.com<br \/>\n<\/a><br \/>646.319.3680\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Building Systems Energy Construction &amp; Property Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210318005658\/en\/665926\/3\/peak-utility-logo-final-xlarge_transparent.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Peak Utility Services Group Acquires Superior Pipeline Services Transaction Strengthens Peak\u2019s Texas Presence DENVER&#8211;(BUSINESS WIRE)&#8211;Peak Utility Services Group (Peak), a nationwide provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, announced today the acquisition of Superior Pipeline Services (SPS), a leading natural gas utility services contractor in Texas. Founded in 2001 and headquartered in Fort Worth, TX, SPS has built long-standing relationships with leading utilities that provide their communities with critical energy needs. The acquisition of SPS affirms Peak\u2019s position in Texas\u2019 growing utility services space. \u201cI am pleased to welcome Superior Pipeline to the Peak family. We are thrilled to partner with a best-in-class provider in an attractive, fast-growing market with significant demand for natural &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/peak-utility-services-group-acquires-superior-pipeline-services\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Peak Utility Services Group Acquires Superior Pipeline Services&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-460932","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Peak Utility Services Group Acquires Superior Pipeline Services - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/peak-utility-services-group-acquires-superior-pipeline-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peak Utility Services Group Acquires Superior Pipeline Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Peak Utility Services Group Acquires Superior Pipeline Services Transaction Strengthens Peak\u2019s Texas Presence DENVER&#8211;(BUSINESS WIRE)&#8211;Peak Utility Services Group (Peak), a nationwide provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, announced today the acquisition of Superior Pipeline Services (SPS), a leading natural gas utility services contractor in Texas. Founded in 2001 and headquartered in Fort Worth, TX, SPS has built long-standing relationships with leading utilities that provide their communities with critical energy needs. The acquisition of SPS affirms Peak\u2019s position in Texas\u2019 growing utility services space. \u201cI am pleased to welcome Superior Pipeline to the Peak family. 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