Partners Group is expanding the shareholder base of United States Infrastructure Corporation (USIC), a North American provider of utility location services with Kohlberg & Company acquiring a 50% stake in then business. Partners Group will retain a 50% co-lead interest.
Kohlberg was joined in this investment by a group of new partners that includes funds managed by Neuberger Berman. The transaction values USIC at an enterprise value of $4.1 billion.
Since acquiring USIC in 2017, Partners Group has installed an entrepreneurial Board that has helped transform the Company and drive strong organic growth, with EBITDA increasing 77% in the last five years. Key value creation initiatives have included investing in technician training, launching new tools to improve productivity and operational performance, and capturing pricing adjustments and improved contract terms.
Read more: Private Equity Wire
