Partners Group has agreed to acquire United States Infrastructure Corp., on behalf of its clients. The company is being acquired from affiliates of Leonard Green & Partners.
USIC specializes in locating pipes and cables for utility customers across the United States and Canada. The company employs more than 7,500 technicians and performs more than 70 million utility locating services annually ahead of excavation or maintenance works. USIC currently serves approximately 1,000 customers in all major utility segments, including cable, telecommunications, electricity, gas, water and sewage.
Following the completion of the acquisition, which is subject to regulatory approval, Partners Group will work with USIC's management team, led by CEO Rob Tullman, to further grow the business. Value creation initiatives will be aimed at enhancing operations through investments in technology and data management, expanding service offerings in adjacent markets, and growing the company both organically and through select acquisitions.
