Peak Utility Services Group Acquires Mammoth's Infrastructure Subsidiaries (5 Star, Higher Power, Python)
April 14, 2025
Peak Utility Services Group, Inc. acquired all equity interests in 5 Star Electric, Higher Power Electrical and Python Equipment from Mammoth Energy Services' subsidiary Lion Power Services LLC for an aggregate $108.7 million. Mammoth received $98.3 million in cash at closing (with $10.4 million in escrow) and said the sale increases its cash position to about $160 million to pursue other deployment opportunities.
- Buyers
- Peak Utility Services Group, Inc.
- Targets
- 5 Star Electric, LLC, Higher Power Electrical, LLC, Python Equipment LLC
- Sellers
- Mammoth Energy Services, Inc.
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Divestiture
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