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 has provided quality service to utilities in Texas and the surrounding regions for over 20 years through its highly-trained workforce, well-maintained equipment, and stringent safety program. TSU One 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 43
Sector (Utilities) 1 of 1
Type (Growth Capital) 7 of 7
State (Texas) 24 of 25
Country (United States) 41 of 42
Year (2021) 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-19 Precision Aerospace

Dallas, Texas, United States

Precision Aerospace is an aerospace manufacturing business focused on hard metal and tight tolerance product manufacturing for the defense and space end markets. Precision Aerospace is based in Dallas, Texas.

Buy -
Mergr

Product

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