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  6. United Utility Acquires Williams Electric

M&A Deal Summary

United Utility Acquires Williams Electric

On September 2, 2021, United Utility acquired utilities company Williams Electric

Acquisition Highlights
  • This is United Utility’s 2nd transaction in the Utilities sector.
  • This is United Utility’s 3rd transaction in the United States.
  • This is United Utility’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-09-02
Target Williams Electric
Sector Utilities
Buyer(s) United Utility
Deal Type Add-on Acquisition

Target

Williams Electric

Shelby, North Carolina, United States
Williams Electric is a licensed contractor in North Carolina, South Carolina, Virginia, and Georgia, offering a full array of electrical and utility services, including overhead and underground power transmission and distribution, substation services, fiber optics, and storm restoration. The company primarily serves regulated utility customers, cooperatives, and municipal utilities throughout the southeast U.S. Williams Electric was formed in 1968 and is based in Shelby, North Carolina.

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Buyer(S) 1

Buyer

United Utility

Charlotte, North Carolina, United States
Category Company
Sector Utilities
DESCRIPTION

United Utility is a utility services company focused on building a platform of providers with specialized expertise in underground power transmission and distribution services. United Utility is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 4
Sector: Utilities M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 B&B Electrical & Utility Contractors

Canton, Mississippi, United States

B&B Electrical & Utility Contractors, Inc. offers a full array of electrical and utility services. B&B Electrical & Utility Contractors is based in Canton, Mississippi.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 BHI Power Delivery

Florida, United States

BHI Power Delivery provides comprehensive and innovative offerings supporting power infrastructure investment across all transmission, substation, distribution, and grid hardening projects, from engineering and construction to maintenance, live-line work, and storm response. BHI Power Delivery is located in Florida, Texas, Alabama, New York, and Oklahoma.

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