Add-on Acquisition • Energy Services and Equipment

Artera Services Acquires East Coast Underground

On October 9, 2013, Artera Services acquired energy services and equipment company East Coast Underground

Acquisition Context
  • This is Artera Services’ 4th transaction in the Energy Services and Equipment sector.
  • This is Artera Services’ 6th transaction in the United States.
  • This is Artera Services’ 1st transaction in Maryland.

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M&A Deal Summary

Date October 9, 2013
Target East Coast Underground
Sector Energy Services and Equipment
Buyer(s) Artera Services
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

Artera Services

Atlanta, Georgia, United States

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 Context for Buyer #
Overall 6 of 12
Sector: Energy Services and Equipment 4 of 6
Type: Add-on Acquisition 4 of 9
State: Maryland 1 of 1
Country: United States 6 of 12
Year: 2013 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-07 Power Holdings

Alexandria, Louisiana, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Culy Contracting

Winchester, Indiana, United States

Culy Contracting is a full-service, value-added civil construction, excavation, and maintenance specialist for power and gas transmission and distribution projects. Culy Contracting was formed in 1978 and is based in Winchester, Indiana.

Buy -