M&A Deal Summary

Artera Services Acquires Power Holdings

On May 7, 2013, Artera Services acquired construction company Power Holdings from Kelso

Acquisition Highlights
  • This is Artera Services’ 1st transaction in the Construction sector.
  • This is Artera Services’ 5th transaction in the United States.
  • This is Artera Services’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2013-05-07
Target Power Holdings
Sector Construction
Buyer(s) Artera Services
Sellers(s) Kelso
Deal Type Merger

Target

Power Holdings

Alexandria, Louisiana, United States
website
Power Holdings (T&D Solutions) is a provider of construction and maintenance services for electric transmission and distribution lines throughout the Southwest, Central South, Midwest, and Eastern United States.

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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 LLC 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.


DEAL STATS #
Overall 5 of 12
Sector (Construction) 1 of 3
Type (Merger) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 5 of 12
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 Distribution Construction

Greensboro, North Carolina, United States

Distribution Construction Co. is a provider of outsourced maintenance, repair and installation services for blue-chip, natural gas utilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 East Coast Underground

Hurlock, Maryland, United States

East Coast Underground, Inc. is a provider of outsourced maintenance, repair and installation services for blue-chip, electric utilities.

Buy -

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 20 of 52
Sector (Construction) 1 of 2
Type (Merger) 1 of 4
State (Louisiana) 1 of 1
Country (United States) 18 of 45
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Artera Services

Atlanta, Georgia, United States

Artera Services LLC 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 iGPS

Orlando, Florida, United States

iGPS operates the world’s first pallet rental service providing shippers and receivers with lightweight, 100 percent recyclable all-plastic pallets with embedded RFID tags. Its highly engineered platform—the world’s most advanced shipping pallet—is rapidly replacing wood as the platform of choice among the world’s most innovative companies. Businesses that switch from wood pallets to iGPS realize game-changing savings—as much as $2 per unitized load—thanks to lower transport costs, reduced production downtime, reduced product damage and fewer rejected loads. iGPS was founded in 2006 and is based in Orlando, Florida.

Sell -