M&A Deal Summary

Jumana Capital Acquires Outsource

On December 20, 2023, private equity firm Jumana Capital acquired utilities company Outsource

Acquisition Highlights
  • This is Jumana Capital’s 1st transaction in the Utilities sector.
  • This is Jumana Capital’s 2nd transaction in the United States.
  • This is Jumana Capital’s 1st transaction in California.

M&A Deal Summary

Date 2023-12-20
Target Outsource
Sector Utilities
Buyer(s) Jumana Capital
Deal Type Recapitalization
Advisor(s) Romanchuk & Co. (Financial)

Target

Outsource

Los Angeles, California, United States
Outsource is a provider of overhead and underground electrical distribution and transmission infrastructure solutions across the Western United States. Outsource was founded in 2012 and is based in Los Angeles, California.

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Buyer(S) 1

DESCRIPTION

Jumana Capital is a private investment firm that looks to partner with entrepreneur-led companies across the US. The Firm will consider a variety of investment situations including majority and minority recapitalizations, growth financings, and corporate divestitures. Its sector expertise spans business services, industrials, infrastructure services, healthcare, manufacturing, distribution, and technology. Jumana Capital was founded in 2018 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 2 of 4
Sector: Utilities M&A 1 of 1
Type: Recapitalization M&A Deals 2 of 2
State: California M&A 1 of 2
Country: United States M&A 2 of 4
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Bright Star Solutions

Sour Lake, Texas, United States

Bright Star Solutions is a provider of construction and maintenance services for overhead and underground electrical transmission and distribution systems for investor-owned utilities, regional co-ops, local municipalities and industrial customers. Bright Star Solutions was founded in 2009 and is based in Sour Lake, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-15 SI Solutions

Huntersville, North Carolina, United States

SI Solutions provides engineering, testing, inspection, compliance and maintenance services, digital solutions, and expert consulting for power and critical infrastructure end markets. SI Solutions is based in Huntersville, North Carolina.

Sell -