M&A Deal Summary

Orbital Infrastructure Group Acquires Front Line Power Construction

On November 17, 2021, Orbital Infrastructure Group acquired construction company Front Line Power Construction from TPS for 218M USD

Acquisition Highlights
  • This is Orbital Infrastructure Group’s 1st transaction in the Construction sector.
  • This is Orbital Infrastructure Group’s largest (disclosed) transaction.
  • This is Orbital Infrastructure Group’s 2nd transaction in the United States.
  • This is Orbital Infrastructure Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-11-17
Target Front Line Power Construction
Sector Construction
Buyer(s) Orbital Infrastructure Group
Sellers(s) TPS
Deal Type Divestiture
Deal Value 218M USD
Advisor(s) Romanchuk & Co. (Financial)

Target

Front Line Power Construction

Rosharon, Texas, United States
Front Line Power Construction is a full-service electrical infrastructure service company that provides construction, maintenance, and emergency response services. Front Line Power Construction was founded in 2010 and is based in Rosharon, Texas.

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Buyer(S) 1

Buyer

Orbital Infrastructure Group

Houston, Texas, United States

Category Company
Founded 1984
Sector Energy Services and Equipment
Revenue 38M USD (2020)
DESCRIPTION

Orbital Infrastructure Group is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments; electric power, telecommunications, and renewables. Orbital Infrastructure Group was founded in 1984 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Construction M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Gibson Technical Services

Canton, Georgia, United States

Gibson Technical Services is a telecommunications company providing diversified telecommunications services nationally. GTS has focused on providing superior customer service, advanced technology solutions, and a dedication to quality and safety unequaled in the telecom industry. The company's customers, including Cox Communications, Charter Business, Comcast Business, Verizon, and other industry leaders, rely on its team of talented and knowledgeable employees for crucial technical support and specialized knowledge. Its value-added services reduce the time to identify, design, and construct the cost-effective delivery of a broad range of telecommunications projects. Gibson Technical Services was formed in 1990 and is based in Canton, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Orbital Gas Systems North America

Houston, Texas, United States

Orbital Gas Systems North America operates the gas business. Orbital Gas Systems North America is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

TPS

Gonzales, Louisiana, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

TPS is a full-service electrical testing company specializing in low, medium, and high-voltage testing, commissioning, startup, and maintenance. TPS is headquartered in Gonzales, Louisiana.


DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1