M&A Deal Summary

Aptus Acquires King Electric

On December 22, 2020, Aptus acquired infrastructure company King Electric

Acquisition Highlights
  • This is Aptus’ 1st transaction in the Infrastructure sector.
  • This is Aptus’ 1st transaction in the United States.
  • This is Aptus’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-12-22
Target King Electric
Sector Infrastructure
Buyer(s) Aptus
Deal Type Add-on Acquisition

Target

King Electric

Fayetteville, North Carolina, United States
King Electric is a second-generation, family-owned and operated infrastructure services provider. King Electric was founded in 1971 and is headquartered in Fayetteville, North Carolina.

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Buyer(S) 1

Buyer

Aptus

Charlotte, North Carolina, United States
Category Company
Founded 2005
Sector Construction
DESCRIPTION

Aptus is a turnkey utility infrastructure services business, providing inspection, engineering, installation, and maintenance services for bridge-attached utilities, primarily water drainage systems, and conduit piping. Additionally, the company provides inspection, protection, and remediation services for above-ground gas lines. Aptus’ customers include power utilities, telecommunications, natural gas providers, and general contractors for Departments of Transportation, predominately in the eastern half of the United States. Aptus was founded in 2005 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
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