M&A Deal Summary

DIG Acquires Precision

On January 28, 2025, DIG acquired energy services and equipment company Precision from MPE Partners and Siguler Guff & Company

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

M&A Deal Summary

Date 2025-01-28
Target Precision
Sector Energy Services and Equipment
Buyer(s) DIG
Sellers(s) MPE Partners
Siguler Guff & Company
Deal Type Add-on Acquisition

Target

Precision

Lancaster, Ohio, United States
Precision provides repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. The company offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. It has a core focus on (i) replacement of leak-prone natural gas distribution pipelines and (ii) installation of telecommunications infrastructure to protect and secure the electrical grid. Precision is based in Lancaster, Ohio.

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Buyer(S) 1

Buyer

DIG

Columbus, Ohio, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

DIG provider of critical repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. DIG is based in Columbus, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1

Seller(S) 2

SELLER

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 59 of 59
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 28 of 28
State (Ohio) 9 of 9
Country (United States) 57 of 57
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-28 DIG

Columbus, Ohio, United States

DIG provider of critical repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. DIG is based in Columbus, Ohio.

Buy -
SELLER

Siguler Guff & Company

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1991
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siguler Guff & Company is a multi-strategy investment manager that provides institutional clients with access to a variety of investment programs including distressed, real estate, small business, emerging markets, and other strategies. Siguler's small business group looks to acquire or investment in US-based, lower middle-market companies in a variety of industries with $5 to $25 million of EBITDA. Siguler Guff & Company was established in 1991 as a unit of Pain Webber and became independent in 1995. The Firm is based in New York City.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-10 Eastern Dental

Avenel, New Jersey, United States

Eastern Dental is a dental support organization that provides support services to Eastern Dental clinical offices operating across the state of New Jersey. Eastern Dental provides comprehensive general, specialty and cosmetic dental services that meet all dental care needs. Eastern Dental was founded in 1978 and is based in Avenel, New Jersey.

Buy -