M&A Deal Summary

Crestone Services Group Acquires Underground Specialties

On January 20, 2020, Crestone Services Group acquired energy services and equipment company Underground Specialties

Acquisition Highlights
  • This is Crestone Services Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Crestone Services Group’s 1st transaction in the United States.
  • This is Crestone Services Group’s 1st transaction in Colorado.

M&A Deal Summary
Date 2020-01-20
Target Underground Specialties
Sector Energy Services and Equipment
Buyer(s) Crestone Services Group
Deal Type Add-on Acquisition

Target

Underground Specialties

Lakewood, Colorado, United States
Underground Specialties, Inc. is a drilling company specialized in putting conduits below ground, locating existing utilities, and potholing to expose existing utilities.

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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 1 of 9
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 1 of 9
State (Colorado) 1 of 4
Country (United States) 1 of 9
Year (2020) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 HDD Specialists

Loveland, Colorado, United States

HDD Specialists LLC is a horizontal directional drilling company specializing in the installation of underground pipelines for the natural gas and oil industry.

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