M&A Deal Summary

GridTek Utility Services Acquires Yates Line Construction

On October 31, 2023, GridTek Utility Services acquired business services company Yates Line Construction

Acquisition Highlights
  • This is GridTek Utility Services’ 1st transaction in the Business Services sector.
  • This is GridTek Utility Services’ 1st transaction in the United States.
  • This is GridTek Utility Services’ 1st transaction in Oregon.

M&A Deal Summary

Date 2023-10-31
Target Yates Line Construction
Sector Business Services
Buyer(s) GridTek Utility Services
Deal Type Add-on Acquisition
Advisor(s) Romanchuk & Co. (Financial)

Target

Yates Line Construction

Garibaldi, Oregon, United States
Yates Line Construction is a provider of upgrade and maintenance services for overhead and underground electrical transmission and distribution systems for investor-owned utilities, regional co-ops, local municipalities and industrial customers. Yates Line Construction was founded in 2017 and is based in Garibaldi, Oregon.

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Buyer(S) 1

Buyer

GridTek Utility Services

Melbourne, Florida, United States

Category Company
Sector Utilities
DESCRIPTION

GridTek Utility Services is a provider of electrical transmission and distribution maintenance services for utility infrastructure, primarily serving the Southeast, mid-Atlantic and Southwest regions of the United States. GridTek Utility Services is based in Melbourne, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Oregon M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1