Tower Engineering Professionals Acquires Piedmont Utility Group

Cardinal Infrastructure Group Acquires Piedmont Pipe Construction

June 4, 2026

Industrial Services

Cardinal Infrastructure Group announced the acquisition of Piedmont Pipe Construction, a wet utilities provider serving North and South Carolina. Piedmont will operate under the Cardinal Civil Contracting brand as the deal expands Cardinal’s wet utility capabilities in the high-growth Charlotte market.

One Equity Partners Acquires Yorktel

October 28, 2024

IT Services

One Equity Partners (OEP) has completed the acquisition of York Telecom Corporation (Yorktel), a global managed services and systems integrator specializing in enterprise collaboration and AI-based monitoring; financial terms were not disclosed. Headquartered in Wall, New Jersey and founded in 1985, Yorktel has over 500 employees and will partner with OEP to grow organically, pursue strategic acquisitions, and expand its Modern Workplace and collaboration offerings.

H.I.G. Infrastructure Acquires Tower Engineering Professionals

April 13, 2023

Engineering Services

H.I.G. Infrastructure, an investment fund managed by H.I.G. Capital, has completed the acquisition of Tower Engineering Professionals (TEP) from Prairie Capital V. TEP, headquartered in Raleigh, North Carolina, is a multi-discipline engineering and maintenance services provider to tower, mobile network and telecom infrastructure customers across the U.S. and Canada; Audax Private Debt provided second-lien financing to support the transaction.

Phoenix Tower International Acquires Tower Ventures Sites and Technology Associates EC (TAEC)

April 11, 2022

Telecommunications

Phoenix Tower International (PTI) has acquired a 100% ownership interest in Tower Ventures Holdings III, LLC, giving PTI 202 additional wireless telecommunications sites in the United States. PTI also completed the acquisiton of Technology Associates EC Inc. (TAEC), adding 90+ telecom infrastructure professionals and expanding PTI's US engineering, site-acquisition and construction project management capabilities.

Tecum Equity and Western Allegheny Capital Acquire Pinnacle Cranes

October 16, 2019

Industrial Services

Tecum Equity (Western Allegheny Capital, LLC) has acquired Pinnacle Cranes, a Link‑Belt and Manitex dealer operating in North Carolina and South Carolina. Pinnacle will continue operating from its service facilities in Charlotte and Raleigh while partners plan a leadership transition and search for a new headquarters to support future growth; the business was previously a division of Carolina Tractor and Equipment Company (CTE).

Tower Engineering Professionals (TEP) Acquires Utilis Engineering with Support from Prairie Capital V

March 7, 2019

Telecommunications

Tower Engineering Professionals (TEP), backed by Prairie Capital V, acquired Utilis Engineering to expand TEP’s capabilities into fiber-optic and small-cell engineering, strengthening its telecom engineering, maintenance, inspection and site-acquisition services. The deal is an add-on to TEP’s national platform and is intended to accelerate service-line expansion, broaden channel reach, and create cross-selling opportunities between the businesses.