Add-on Acquisition • Energy Services and Equipment

Precision Acquires Allegheny Contracting

On August 22, 2024, Precision acquired energy services and equipment company Allegheny Contracting

Acquisition Context

This is Precision’s 2nd transaction in the Energy Services and Equipment sector.
This is Precision’s 2nd transaction in the United States.
This is Precision’s 1st transaction in Pennsylvania.

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M&A Deal Summary
Date	August 22, 2024
Target	Allegheny Contracting
Sector	Energy Services and Equipment
Buyer(s)	Precision
Deal Type	Add-on Acquisition

Target Company

Allegheny Contracting

Ridgway, Pennsylvania, United States

Allegheny Contracting is a provider of technical utility services for the natural gas end market. Allegheny offers gas transmission pipeline integrity services, which consist of the repair and maintenance work resulting from regulatory-mandated and recurring inspections of gas transmission pipeline infrastructure, as well as the repair and replacement of underground gas distribution pipelines. Allegheny Contracting was founded in 1997 and is based in Ridgway, Pennsylvania.

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Buyer Overview 1

Buyer

Precision

Lancaster, Ohio, United States

Category	Company
Sector	Energy Services and Equipment

DESCRIPTION

Precision provides repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. The company offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. It has a core focus on (i) replacement of leak-prone natural gas distribution pipelines and (ii) installation of telecommunications infrastructure to protect and secure the electrical grid. Precision is based in Lancaster, Ohio.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Energy Services and Equipment	2 of 2
Type: Add-on Acquisition	2 of 2
State: Pennsylvania	1 of 1
Country: United States	2 of 2
Year: 2024	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2024-04-18	SabCon Underground Winter Haven, Florida, United States SabCon Underground is a provider of critical repair, new installation, replacement, and maintenance services for natural gas utility customers. SabCon Underground is based in Winter Haven, Florida.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2024-04-18

SabCon Underground

Winter Haven, Florida, United States

SabCon Underground is a provider of critical repair, new installation, replacement, and maintenance services for natural gas utility customers. SabCon Underground is based in Winter Haven, Florida.

Buy

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