MPE Partners and Delphi Infrastructure Group Acquire JMF Underground
June 18, 2025
MPE Partners, alongside its portfolio company Delphi Infrastructure Group (DIG), has acquired JMF Underground, a Mechanicsburg, Pennsylvania-based provider of underground utility services specializing in horizontal directional drilling, trenching, boring and excavation. The deal is an add-on to the DIG platform to expand underground infrastructure capabilities and geographic coverage across the Mid-Atlantic and Eastern United States; financing was provided by Churchill Asset Management and BMO Sponsor Finance.
- Buyers
- MPE Partners, Delphi Infrastructure Group
- Targets
- JMF Underground
- Sellers
- Joe Fisher (Founder & CEO) and JMF management team
- Platforms
- Delphi Infrastructure Group
- Industry
- Infrastructure
- Location
- Pennsylvania, United States
- Transaction Type
- Addon
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