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.
Location
United States
Transaction Type
Divestiture

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