M&A Deal Summary

Artera Services Acquires 1127 Construction

On April 1, 2022, Artera Services acquired oil/gas exploration company 1127 Construction

Acquisition Highlights
  • This is Artera Services’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Artera Services’ 12th transaction in the United States.
  • This is Artera Services’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2022-04-01
Target 1127 Construction
Sector Oil/Gas Exploration
Buyer(s) Artera Services
Deal Type Add-on Acquisition

Target

1127 Construction

Akron, Ohio, United States
website
1127 Construction is a family-owned company providing natural gas distribution and related infrastructure services. 1127 Construction was founded in 2005 and is based in Akron, Ohio.

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Buyer(S) 1

Buyer

Artera Services

Atlanta, Georgia, United States

website

Category Company
Founded 2012
Sector Construction
Employees8,500
DESCRIPTION

Artera Services is a provider of integrated infrastructure services to natural gas and electric industries across 34 states. Artera delivers maintenance and construction services to energy utilities, infrastructure companies, municipalities, and cooperatives across America. Artera Services was founded in 2012 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 12 of 12
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 9 of 9
State (Ohio) 2 of 2
Country (United States) 12 of 12
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 K.R. Swerdfeger Construction

Pueblo West, Colorado, United States

KRSC is a provider of natural gas distribution and water infrastructure services, with a focus on the repair and renewal of existing underground infrastructure. KRSC offers construction of water, sanitary sewer, and storm sewer systems utilizing DIP, PVC, HDPE, CMP, RCP, CCFRPM, and welded steel pipe. KRSC was founded in 1968 and is based in Pueblo West, Colorado.

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