Buyout (LBO, MBO, MBI) • Utilities

First Capital Acquires REI Utility Services

On September 17, 2024, private equity firm First Capital acquired utilities company REI Utility Services

Acquisition Context
  • This is First Capital’s 1st transaction in the Utilities sector.
  • This is First Capital’s 14th transaction in the United States.
  • This is First Capital’s 6th transaction in Texas.

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M&A Deal Summary

Date September 17, 2024
Target REI Utility Services
Sector Utilities
Buyer(s) First Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

REI Utility Services

Athens, Texas, United States
REI Utility Services is a specialized engineering and technical field service provider offering joint-use management services for electric cooperatives in Texas. REI Utility Services was founded in 2016 and is based in Athens, Texas.
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Buyer Overview 1

DESCRIPTION

LP First Capital is a private investment group focused on buy and build situations. The Firm will consider minority or majority positions in profitable platform companies with $3 to $10 million of EBITDA. Target sectors include business services, consumer services, healthcare services, education, and niche manufacturing. LP First Capital was formed in 2018 and is headquartered in Austin, Texas.


Deal Context for Buyer #
Overall 14 of 14
Sector: Utilities 1 of 1
Type: Buyout (LBO, MBO, MBI) 6 of 6
State: Texas 6 of 6
Country: United States 14 of 14
Year: 2024 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-01 Curb Home Services

United States

Curb Home Services is a premier provider of roofing & exterior services to residential customers across the West Coast.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Flow Service Partners

Mount Juliet, Tennessee, United States

Flow Service Partners is a provider of essential services including heating, ventilation, air conditioning, and refrigeration ("HVACR") and plumbing services in Florida and Indiana. Flow Service Partners was founded in 2021 and is based in Mount Juliet, Tennessee.

Sell -