Add-on Acquisition • Business Services

GridTek Utility Services Acquires Yates Line Construction

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Oregon	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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