Crestone Services Group Acquires HDD Specialists, LLC and Underground Specialties, Inc.

Crestone Services Group Acquires Dillie & Kuhn and Agave Underground

August 16, 2021

Infrastructure

Crestone Services Group, a Denver-based communications and utility services platform, acquired Dillie & Kuhn (a turnkey communications contractor in Southern Colorado) and Agave Underground Utility (an underground specialty contractor in Phoenix, Arizona). The transactions are add-on acquisitions to expand Crestone's capacity and market share across Southern Colorado, New Mexico and Arizona and to bolster its Arizona business (DSI) for increased FTTP and 5G wireline work.

CST Utilities Acquires Precise Boring of Ohio

June 24, 2024

Infrastructure

CST Utilities acquired Precise Boring of Ohio, a Lancaster-based provider of underground utility and boring services, expanding CST’s footprint and service capabilities across Ohio and the Midwest. The acquisition is intended to combine resources and expertise to deliver enhanced utility infrastructure services to local utilities, telecoms, and contractors.

Thayer Infrastructure Services Acquires Dynetek Solutions, LLC

December 7, 2023

Infrastructure

Thayer Infrastructure Services, LLC completed the acquisition of Dynetek Solutions, LLC, a Charlotte-based provider of horizontal directional drilling and underground utility installation services. Dynetek's founder Shenar Wood will continue to oversee the business as it is integrated into the TIS platform, which is owned by private equity firm Calera Capital; the deal expands TIS's capabilities in the utility, telecommunications, and renewable energy markets in the Southeastern U.S.

SubTerra Engineering Acquires Cavern Solutions Inc.

March 10, 2025

Energy

SubTerra Engineering Corporation, a Calgary-based subsurface EPC firm, has acquired Houston-headquartered Cavern Solutions Inc., a specialist in underground salt cavern, reservoir storage and disposal engineering. The deal expands SubTerra’s capabilities and geographic footprint across North America, strengthening its offerings in underground storage, disposal, carbon capture and hydrogen projects.

The Crossing Group Acquires Trenchless Crossing Support (TCS)

March 12, 2021

Construction

The Crossing Group (Edmonton, Alberta) acquired Trenchless Crossing Support (TCS), a Houston-based Direct Pipe and trenchless services specialist founded in 2019. TCS leadership (Kent Lawler, Alan Snider and Shelton Carlisle) will retain ownership and the business will be rebranded as The Trenchless Company to expand The Crossing Group’s trenchless capabilities and North American footprint.

CST Utilities Acquires Daystar Directional Drilling

July 15, 2025

Infrastructure

CST Utilities, a portfolio company of MFG Partners, has acquired Noblesville, Indiana-based Daystar Directional Drilling effective July 15, 2025. The deal expands CST's Midwest footprint and service offerings in underground utility drilling; Daystar's founder Jerry Watson III will remain leading the Indiana operation and retain an ownership stake.