MPE Partners and Precision Pipeline Acquire SabCon Underground
April 18, 2024
MPE Partners, alongside its portfolio company Precision Pipeline, has acquired SabCon Underground, a Winter Haven, Florida-based provider of underground natural gas utility services. The add-on deal expands Precision’s geographic footprint and capabilities in the natural gas utility services market; financing was provided by PGIM Private Capital and SabCon’s founder Kellie Burns and management partnered in the transaction.
- Buyers
- MPE Partners, Precision Pipeline
- Targets
- SabCon Underground
- Sellers
- Kellie Burns and SabCon management team
- Platforms
- Precision Pipeline
- Industry
- Energy
- Location
- Florida, United States
- Transaction Type
- Addon
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