TD&I Cable Maintenance and Tower Arch Capital Acquire Midwest Utility Services
December 13, 2023
TD&I Cable Maintenance and private equity sponsor Tower Arch Capital have acquired Midwest Utility Services, a Minnesota-based provider of directional drilling, cable plowing and underground telecom installation and maintenance. The founder, Steve Kvistad, and minority owner, Bill Eckles, will remain as go-forward partners; financing was provided by Zions Bank and terms were not disclosed.
- Buyers
- TD&I Cable Maintenance, LLC, Tower Arch Capital
- Targets
- Midwest Utility Services, LLC
- Sellers
- Steve Kvistad, Bill Eckles
- Platforms
- TD&I Cable Maintenance, LLC
- Industry
- Infrastructure
- Location
- Minnesota, United States
- Transaction Type
- Addon
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