Sparus Holdings Acquires United Locating Services

Sparus Holdings Acquires Allegiant Utility Services and TruCheck, Inc.

February 7, 2023

Industrial Services

Sparus Holdings, a portfolio company of Ridgemont Equity Partners, has acquired Allegiant Utility Services and TruCheck, Inc. The acquisitions expand Sparus' meter and smart-grid field services capabilities — including installation, network deployment, meter renewal, testing and inspection — to support utility customers; terms were not disclosed.

Integrated Utility Services Acquires Assets of Stuart Steel Protection Corporation

January 9, 2023

Manufacturing

Houston-based Integrated Utility Services (IUS) acquired the assets of New Jersey-based Stuart Steel Protection Corporation (SSPC) and will operate them under the newly formed Stuart Steel Protection, LLC. The asset purchase adds domestic manufacturing, packaging, and distribution capabilities for corrosion control products (e.g., magnesium anodes) to IUS's energy-focused MRO and project services offering.

USIC (affiliate) Acquires Utility Resource Group (URG)

January 5, 2022

Infrastructure

USIC Locating Services LLC, an affiliate of USIC, LLC, has acquired Utility Resource Group, LLC (URG), a Troy, Michigan–based provider of underground utility locating, gas leak detection, meter services, sewer lateral inspections, and cross-bore mitigation. The deal expands USIC's service footprint and field workforce across the Midwest and Southeast, enhancing its ability to serve utilities and municipalities.

ML Utilities Acquires Utility Equipment Service, Inc.

September 14, 2021

Industrial Services

ML Utilities, a subsidiary of ML Holdings Company, has acquired Spring Hill, Tennessee–based Utility Equipment Service, Inc. (UES) to expand its footprint and service capabilities in Middle Tennessee. The acquisition adds UES's shop repair, sales, rentals, parts and upfitting capabilities to ML Utilities' existing mobile and shop offerings, enabling broader support for utility fleet owners across the region.

Ridgemont Equity Partners Acquires Sparus Holdings

August 3, 2021

Infrastructure

Ridgemont Equity Partners completed an acquisition of Sparus Holdings, a provider of outsourced field and professional services for utility and industrial customers, in March 2021. Ridgemont's investment will support the build-out of a scaled, end-to-end utility services platform and Sparus has since acquired OneVision Utility Services to expand its utility locate and damage prevention capabilities.

SPX Corporation Acquires ULC Robotics

September 2, 2020

Industrial Services

SPX Corporation has acquired ULC Robotics, a developer of robotic systems, RaaS inspection services and machine-learning-driven R&D for energy, utility and industrial customers. ULC will join SPX’s Detection & Measurement segment to expand its inspection and location capabilities and support product commercialization and market development.