M&A Deal Summary

Concurrence Capital Holdings Acquires Utility Contracting

On August 12, 2018, private equity firm Concurrence Capital Holdings acquired construction company Utility Contracting

Acquisition Highlights
  • This is Concurrence Capital Holdings’ 1st transaction in the Construction sector.
  • This is Concurrence Capital Holdings’ 2nd transaction in the United States.
  • This is Concurrence Capital Holdings’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2018-08-12
Target Utility Contracting
Sector Construction
Buyer(s) Concurrence Capital Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Utility Contracting

Sparta, Michigan, United States
Utility Contracting is a provider of telecommunications construction and splicing for over 40 years throughout the state of Michigan. UCC’s services include all aspects of buried and aerial placement of fiber optic cable as well as splicing. The Company’s customers include incumbent and local exchange carriers, wireless carriers, municipal networks, private companies. Utility Contracting was founded in 1974 and is based in Sparta, Michigan.

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Buyer(S) 1

Buyer

Concurrence Capital Holdings

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Concurrence Capital Holdings is a private investment firm that targets control or minority investments in companies facing operational challenges. The Firm looks to acquire companies with at least $10 million of revenue and EBITDA potential of $1 to $8 million. Concurrence prefers opportunities located nearby its Grand Rapids, Michigan headquarters and will consider a variety of industries including niche manufacturing, food & beverage, automotive, medical device, value-added distribution and B2B service businesses.

DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Michigan) 2 of 2
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-06 Mission Design & Automation

Holland, Michigan, United States

Mission Design & Automation provides automation solutions for the automotive, office furniture, medical and consumer goods industries. Mission Design & Automation was founded in 2004 and is based in Holland, Michigan.

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