Sandbrook Capital has acquired United Utility for $1.0 billion, marking a significant corporate transaction in the power infrastructure sector. This acquisition sees Sandbrook Capital taking full ownership of United Utility, a leading specialty contracting firm.
United Utility provides comprehensive and innovative offerings supporting power infrastructure investment across all transmission, substation, distribution, and grid hardening projects. Its services span engineering, construction, maintenance, live-line work, and storm response, positioning it as one of the top 10 specialty contracting firms serving the electric utility market. The company is the parent to industry-leading utility service contractors W.A. Chester, B&B Electrical & Utility Contractors, Williams Electric Company, United Utility Power Services, D&D Power, Coastal Electrical Construction, Plaska Transmission Line, and DBE Utility Services, and holds a minority investment in E.P. Breaux Utility Services.
This strategic acquisition is expected to fuel United Utility's continued growth and expand its opportunities within the critical utility services market. Sandbrook Capital's investment underscores the increasing demand for robust and resilient power infrastructure, aligning with United Utility's commitment to expanding opportunities and creating value for its customers and communities. The transaction is anticipated to enhance United Utility's capacity to deliver its comprehensive services and strengthen its market leadership.
The combined entity is now well-positioned to capitalize on ongoing investments in grid modernization and the expansion of power infrastructure. This acquisition aims to accelerate innovation and service delivery, ensuring the combined operations can effectively meet the evolving needs of the electric utility sector and support future infrastructure development.