Revive Infrastructure Group acquires the assets of Elite Utilities and Trenching
ATLANTA–(BUSINESS WIRE)–Revive Infrastructure Group, a leading provider of critical infrastructure services, today announced that it has acquired the assets of Elite Utilities and Trenching in partnership with Sileo Capital and Brightwood Capital. Terms of the transaction were not disclosed.
Based in Buhl, Idaho, Elite is a utility contractor specializing in long duct and cable installation and fiber to the home installation which includes but is not limited to plowing, directional drilling and trenching.
“The acquisition of Elite demonstrates our continued progress towards transforming Revive Infrastructure Group into a national, world-class provider of critical infrastructure services,” said Shane Mace, CEO of Revive Infrastructure Group. “Adding Elite’s valuable people and assets to our Intermountain West division, Crown Utilities, will provide many synergies as we continue to execute on our strategic plan.”
“We are delighted to welcome the Elite Utilities team,” said Ken Killingbeck, President of Crown Utilities. In addition to their high quality workforce, Elite brings several highly experienced senior managers with whom myself and other members of our team have had personal and professional relationships for many years. Elite also brings important new customers and geographies to our growing portfolio.
“Revive Infrastructure Group is building a truly impressive company and we’re thrilled to be a part of it,” said Justin Grant, owner of Elite Utilities. “This combination not only brings us together with the senior leaders of Revive and Crown with whom we have previously worked, but it also enhances our ability to better serve our customers and provide additional benefits and growth opportunities to Elite employees. “
This is Revive’s fourth acquisition since Sileo Capital formed the company as part of the Excel Utility Contractors acquisition in July 2021.
About Revive Infrastructure Group
Revive Infrastructure Group and its subsidiaries, Excel Utility Contractors and Crown Utilities, provide critical infrastructure project management, construction, installation and maintenance services to commercial and government clients in the telecommunications, water/sewage and electricity. For more information, visit www.reviveig.com.
About Sileo Capital
Sileo Capital (Si-lay-oh) is a unique independent sponsor that not only makes capital investments, but also provides advice on strategy, operations, finance and transactions. Sileo’s equity investments focus on industries where its team has extensive transaction and operations experience (eg, multi-unit, critical infrastructure services, government services and waste management). Sileo deploys its financial and intellectual capital to companies based in North America where it can partner with smart, experienced people of high integrity and character to build businesses it can be proud of and that generate attractive risk-adjusted returns for all stakeholders. For more information, visit www.sileocapital.com.
About Brightwood Capital
Brightwood Capital is a private investment firm specializing in providing growth capital to US-based small and medium-sized businesses in five key industries: technology and telecommunications, healthcare, business services, transportation and logistics, and franchising. Brightwood’s team of more than 45 employees manages approximately $4 billion in capital (or assets) on behalf of its investor base. For more information, please visit www.brightwoodlp.com.