Investment Summary

CIC Partners Invests In TSU One

On April 6, 2021, private equity firm CIC Partners invested in utilities company TSU One

Investment Highlights
  • This is CIC Partners’ 1st transaction in the Utilities sector.
  • This is CIC Partners’ 41st transaction in the United States.
  • This is CIC Partners’ 24th transaction in Texas.

Investment Summary

Date 2021-04-06
Target TSU One
Sector Utilities
Investor(s) CIC Partners
Deal Type Growth Capital

Target

TSU One

Fort Worth, Texas, United States
TSU One is a utility services company providing maintenance, repair, and installation of natural gas and electric distribution infrastructure for residential and commercial end users. TSU One was founded in 2001 and is based in Fort Worth, Texas.

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Investor(S) 1

Investor

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 42 of 45
Sector: Utilities M&A 1 of 1
Type: Growth Capital M&A Deals 7 of 8
State: Texas M&A 24 of 26
Country: United States M&A 41 of 44
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 DynaGrid

Lewisville, Texas, United States

DynaGrid is an independent provider of subgrade and sitework services for electric utility transmission infrastructure. DynaGrid performs essential and technical services required to upgrade, harden and expand transmission infrastructure. DynaGrid was formed in 2012 and is headquartered in Lewisville, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Activa Resources

San Antonio, Texas, United States

Activa Resources is an independent oil and gas company that focuses on the acquisition, development, and exploitation of oil and natural gas properties in the United States. The company owns a portfolio of drilling rights to oil and natural gas projects. The company's management comprises oil industry experts with many years of operational experience at major international oil companies. Activa commenced production of oil and natural gas in 2004 and is based in San Antonio, Texas.

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