M&A Deal Summary

Precision Acquires SabCon Underground

On April 18, 2024, Precision acquired energy services and equipment company SabCon Underground

Acquisition Highlights
  • This is Precision’s 1st transaction in the Energy Services and Equipment sector.
  • This is Precision’s 1st transaction in the United States.
  • This is Precision’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-04-18
Target SabCon Underground
Sector Energy Services and Equipment
Buyer(s) Precision
Deal Type Add-on Acquisition

Target

SabCon Underground

Winter Haven, Florida, United States
website
SabCon Underground is a provider of critical repair, new installation, replacement, and maintenance services for natural gas utility customers. SabCon Underground is based in Winter Haven, Florida.

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Buyer(S) 1

Buyer

Precision

Lancaster, Ohio, United States

website

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Precision provides repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. The company offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. It has a core focus on (i) replacement of leak-prone natural gas distribution pipelines and (ii) installation of telecommunications infrastructure to protect and secure the electrical grid. Precision is headquartered in Lancaster, OH, with field offices in Columbus and Xenia, OH.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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