M&A Deal Summary

Crestone Services Group Acquires Diversified Solutions

On March 3, 2021, Crestone Services Group acquired energy services and equipment company Diversified Solutions

Acquisition Highlights
  • This is Crestone Services Group’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Crestone Services Group’s 5th transaction in the United States.
  • This is Crestone Services Group’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-03-03
Target Diversified Solutions
Sector Energy Services and Equipment
Buyer(s) Crestone Services Group
Deal Type Add-on Acquisition

Target

Diversified Solutions

Phoenix, Arizona, United States
Formed in 2014, Diversified Solutions, Inc. is a service provider building the next-generation communications network in Arizona, Idaho, and Montana. The company provides horizontal directional drilling, fiber optic cable installation, and utility cable installation.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Crestone Services Group

Denver, Colorado, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Crestone Services Group LLC is a regional provider of specialty infrastructure solutions to utility and communications owners. The company's skilled workforce performs the safe, efficient and high-quality installation of electric, gas and communications infrastructure.

DEAL STATS #
Overall 5 of 9
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 5 of 9
State (Arizona) 1 of 2
Country (United States) 5 of 9
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Trace Technologies

Tulsa, Oklahoma, United States

Trace Technologies is a telecom infrastructure provider building the next-generation wireless network. The company combines 5G fiber installation with ongoing maintenance for the nation's leading wireless carriers. In recent years, the increasing demand for bandwidth has led to Trace's significant growth. It has completed projects across the country and built a solid reputation with fiber infrastructure owners. Trace Technologies is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Specialized Communication Services

Hurricane, Utah, United States

Specialized Communication Services provides design, engineering, construction, and maintenance services to wireless carriers, phone and internet service providers, and state departments of transportation. Specialized Communication Services was founded in 2004 and is based in Hurricane, Utah.

Buy -
Mergr

Product

Company

Legal