TD&I Cable Maintenance and Tower Arch Capital Acquire Underground Systems

TD&I Cable Maintenance and Tower Arch Capital Acquire Underground Systems

July 10, 2023

Infrastructure

TD&I Cable Maintenance, together with sponsor Tower Arch Capital, acquired Underground Systems Utility, LLC and Underground Systems Utility Contractors, LLC from founder Kent Walbeck. The add-on expands TD&I’s underground telecom and utility installation and maintenance capabilities and strengthens its presence in Wisconsin and the Upper Peninsula of Michigan.

TD&I Cable Maintenance and Tower Arch Capital Acquire Midwest Utility Services

December 13, 2023

Infrastructure

TD&I Cable Maintenance and private equity sponsor Tower Arch Capital have acquired Midwest Utility Services, a Minnesota-based provider of directional drilling, cable plowing and underground telecom installation and maintenance. The founder, Steve Kvistad, and minority owner, Bill Eckles, will remain as go-forward partners; financing was provided by Zions Bank and terms were not disclosed.

Tower Arch Capital Recapitalizes TD&I Cable Maintenance

August 30, 2023

Infrastructure

Tower Arch Capital has completed a recapitalization of TD&I Cable Maintenance, partnering with founders Tim and Debbie Stanke and the company's management team. The investment will support TD&I's geographic expansion across the upper Midwest and investments to enhance service offerings; financing was provided by Zions Bank and Hillcrest Bank and terms were undisclosed.

Tower Arch Capital Recapitalizes S&N Communications and Forms S&N Infrastructure Services

December 5, 2023

Infrastructure

Tower Arch Capital has formed S&N Infrastructure Services, LLC in partnership with Allen Powell and S&N's leadership to complete a recapitalization of N&S Construction, Inc. d/b/a S&N Communications. The investment will support the company's planned geographic expansion and capability growth across its communications and electric utilities infrastructure services in the Mid-Atlantic and Southeast.

Tower Arch Capital Partners with CCI Network Services

January 8, 2020

Telecommunications

Tower Arch Capital has partnered with CCI Network Services, a Salt Lake City-based provider of mission-critical voice, data and cloud solutions, to provide investment capital to support CCI's growth and acquisitions. The transaction preserves CCI's co-founders in management and aims to expand the company's services, capabilities and national footprint.

Duke's Root Control Acquires Underground Infrastructure Services

June 6, 2023

Environmental Services

Duke's Root Control, a Comvest Partners-backed platform, has acquired Underground Infrastructure Services (UIS) of Livonia, Michigan. The add-on expands Duke's capabilities into underground utility inspection, hydro excavation and lead service line remediation, broadening its service offering and geographic presence.