Add-on Acquisition • Utilities

Thayer Infrastructure Services Acquires Dynetek

On December 7, 2023, Thayer Infrastructure Services acquired utilities company Dynetek

Acquisition Context

This is Thayer Infrastructure Services’ 1st transaction in the Utilities sector.
This is Thayer Infrastructure Services’ 3rd transaction in the United States.
This is Thayer Infrastructure Services’ 1st transaction in North Carolina.

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M&A Deal Summary
Date	December 7, 2023
Target	Dynetek
Sector	Utilities
Buyer(s)	Thayer Infrastructure Services
Deal Type	Add-on Acquisition

Target Company

Dynetek

Charlotte, North Carolina, United States

Dynetek provides underground utility to notable organizations throughout the Southeastern U.S. The company is a provider of power, natural gas, telecommunication, and renewable energy projects. Dynetek is headquartered in Charlotte, North Carolina.

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Buyer Overview 1

Buyer

Thayer Infrastructure Services

Columbus, Ohio, United States

Category	Company
Sector	Infrastructure

DESCRIPTION

Thayer Infrastructure Services is an infrastructure services provider in the power, fiber, and wireless communications construction industries. Thayer Infrastructure Services is based in Columbus, Ohio.

Deal Context for Buyer	#
Overall	3 of 3
Sector: Utilities	1 of 1
Type: Add-on Acquisition	3 of 3
State: North Carolina	1 of 1
Country: United States	3 of 3
Year: 2023	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-05-31	J. Lee Associates Marlborough, Massachusetts, United States J. Lee Associates is a wireless communications construction company. J. Lee Associates was founded in 2003 and is based in Marlborough, Massachusetts.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-05-31

J. Lee Associates

Marlborough, Massachusetts, United States

J. Lee Associates is a wireless communications construction company. J. Lee Associates was founded in 2003 and is based in Marlborough, Massachusetts.

Buy

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