Affiliates of CriticalPoint Complete Sale of United Power Delivery Business Unit to Pike Corporation
Affiliates of CriticalPoint Complete Sale of United Power Delivery Business Unit to Pike Corporation
EL SEGUNDO, Calif., June 12, 2024 /PRNewswire/ -- Affiliates of CriticalPoint Capital, LLC ("CriticalPoint") are pleased to announce the closing of the sale of United Engineers & Constructors Inc.'s Power Delivery Business Unit to United Grid Solutions, LLC, a subsidiary of Pike Corporation ("Pike"). With a presence throughout the U.S. and headquarters in Denver, Colorado, United Grid Solutions is a premier engineering, procurement, and construction provider supporting energy delivery and grid modernization efforts for clients in the transmission, substation, distribution, energy storage and energy delivery markets.
位於加利福尼亞州埃爾塞貢多市,2024年6月12日 / PRNewswire / - CriticalPoint Capital,LLC(“CriticalPoint”)的分支機構很高興宣佈已經完成了將United Engineers & Constructors Inc.的Power Delivery Business Unit出售給Pike Corporation(“Pike”)子公司United Grid Solutions,LLC的交易。擁有美國各地的存在,總部位於科羅拉多州丹佛市的United Grid Solutions是一家支持輸電,變電站,配電,儲能和能源供應市場中客戶的能源交付和電網現代化工程,採購和建設提供商。
With nearly 120 years of power industry experience, United Engineers & Constructors and its legacy companies ("United" or the "Company") have earned a reputation for delivering engineering and construction excellence to its clients and partners. The Company was acquired by affiliates of CriticalPoint in 2020. During CriticalPoint's ownership, the management team executed a complex carve-out from its former public owner, stood up the Company as an independent business, and executed zero carbon and electrical grid resiliency projects across the U.S. and internationally, all leading to significant revenue and earnings growth. In early 2024 and to better align with the markets it served, United Engineers & Constructors reorganized the business into two business units – the Power Delivery Group and the Power Generation Group.
作爲擁有近120年電力行業經驗的公司,United Engineers & Constructors及其傳統公司(統稱爲“United”或“公司”)已經贏得了爲客戶和合作夥伴提供卓越工程和建設服務的聲譽。該公司在2020年被CriticalPoint的附屬機構收購。在CriticalPoint的持有期間,管理團隊從其以前的上市股東中執行了複雜的剝離,將公司建立爲獨立業務,並在全美國和國際範圍內執行了零碳和電網恢復能力計劃,所有這些都導致了顯着的收入和利潤增長。在2024年初爲更好地與所服務的市場對齊,United Engineers & Constructors將業務重新組織爲兩個業務部門-輸電組和發電組。
"Power Delivery Group made tremendous contributions to the energy transition & resiliency of the electrical grid"
“Power Delivery Group對電力網的能源轉型和恢復能力做出了巨大的貢獻”
United Grid Solutions will focus on providing best-in-class services to its clients under the new Pike ownership. The Power Generation Group will remain with United and continue supporting the nuclear operating fleet while developing and building new small modular reactor options and hybrid generation alternatives.
United Grid Solutions將在新的Pike所有權下專注於爲其客戶提供最佳服務。發電團隊將留在United,並繼續支持核操作車隊,同時開發和建造新的小型模塊化反應堆選項和混合發電替代方案。
"In alignment with our strategic objectives, the Power Delivery Group joins the Pike family of companies through the transaction," said Scott Reeder, United's CEO. "Pike shares our values and I'm confident the culture we forged will serve as the foundation to exceed client expectations and resolve complex challenges just as we always have. I would like to thank the entire United team and CriticalPoint for their support in helping make our shared vision become reality."
“與我們的戰略目標保持一致,Power Delivery Group通過本次交易加入了Pike集團,”Scott Reeder,United的首席執行官表示。“Pike分享我們的價值觀,我相信我們打造的文化將成爲超越客戶期望,解決複雜問題的基礎,就像我們一直以來一樣。我想感謝整個United團隊和CriticalPoint對他們在幫助實現我們的共同願景方面的支持。”
"The Power Delivery Group executed numerous meaningful projects and made tremendous contributions to further the energy transition and resiliency of the nation's electrical grid," said Brad Holtmeier, Partner at CriticalPoint. "Under Scott's exceptional leadership, the team has accomplished many significant milestones on an accelerated timeline. We believe the Power Delivery Group is well-positioned to continue its growth trajectory as part of Pike and the team will thrive well into the future."
“Power Delivery Group在加速推進能源轉型和提高國家電網恢復能力方面執行了衆多有意義的項目並做出了巨大的貢獻,”CriticalPoint合夥人Brad Holtmeier表示。“在Scott卓越的領導下,團隊在加速時間表內完成了衆多重要里程碑。我們相信,Power Delivery Group作爲Pike的一部分具有良好的增長前景,團隊將在未來茁壯成長。”
Perella Weinberg Partners served as exclusive financial advisor to CriticalPoint in connection with the deal and Sheppard, Mullin, Richter & Hampton served as legal counsel. Kirkland & Ellis LLP served as legal counsel to Pike.
Perella Weinberg Partners在交易中擔任CriticalPoint的獨家財務顧問,Sheppard,Mullin,Richter & Hampton擔任法律顧問。 Kirkland & Ellis LLP擔任Pike的法律顧問。
About CriticalPoint
關於CriticalPoint
Founded in 2012 and based in El Segundo, CA, CriticalPoint Capital is the private capital division of the broader CriticalPoint platform. The division is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth. CriticalPoint's portfolio is comprised of investments across a wide variety of industries and the firm looks to grow through additional platform and add-on acquisitions.
CriticalPoint Capital成立於2012年,總部位於加利福尼亞州埃爾塞貢多,是更廣泛的CriticalPoint平台的私人資本部門。該部門專注於收購具有長期價值創造機會的公司,並與可以受益於耐心資本和深思熟慮的增長方法的管理團隊合作。 CriticalPoint的組合涵蓋了各種行業的投資,該公司希望通過平台和附加收購增長。
About United Engineers & Constructors
關於United Engineers & Constructors
United Engineers & Constructors is an industry leading infrastructure engineering, procurement, construction, and consulting company dedicated to improving lives by delivering the most impactful solutions. Since 1905, we have served the power industry by providing comprehensive lifecycle services for the nuclear, conventional generation, renewable, and distributed energy markets. Together with our clients and partners, we are unified in our efforts to deliver innovative and transformative infrastructure that is designed and built to meet the demands of today and the future.
United Engineers & Constructors是一家領先的基礎設施工程,採購,建設和諮詢公司,致力於通過提供最具影響力的解決方案來改善人們的生活。自1905年以來,我們爲核能,常規發電,可再生能源和分佈式能源市場提供全面的生命週期服務。與我們的客戶和合作夥伴一起,我們在努力提供創新和變革性的基礎設施,以滿足當今和未來的需求。
About Pike Corporation
關於Pike Corporation
Founded in 1945, Pike Corporation is one of the nation's leading providers of infrastructure engineering and construction services. Pike's portfolio of expertise provides end-to-end infrastructure coverage, including electric distribution, transmission and substation; civil/right of way/vegetation management; renewables and distributed energy resources; telecommunications; and gas distribution services.
Pike Corporation成立於1945年,是美國領先的基礎設施工程和建設服務提供商之一。 Pike的專業知識組合提供了端到端的基礎設施覆蓋範圍,包括電力分配,傳輸和變電站; 土木/權利/植被管理; 可再生能源和分佈式能源資源; 電信; 和天然氣分配服務。
SOURCE CriticalPoint
來源:CriticalPoint