Kohlberg & Company Acquires 50% Stake in USIC; Partners Group Retains 50%
August 10, 2022
Kohlberg & Company is acquiring a 50% stake in United States Infrastructure Corporation (USIC) while Partners Group will retain a 50% co-lead interest; funds managed by Neuberger Berman also joined the investment. The transaction values USIC at an enterprise value of USD 4.1 billion — USIC is a leading provider of utility locate services headquartered in Indianapolis with ~9,000 technicians performing roughly 80 million locates per year. The investors plan to support further growth through investments in sales and digital capabilities to capture demand driven by infrastructure stimulus and 5G densification.
- Targets
- United States Infrastructure Corporation (USIC)
- Industry
- Infrastructure
- Location
- Indiana, United States
- Transaction Type
- Recapitalization
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