Venture Capital & Private Equity News
Summary
The Company offers a comprehensive suite of solutions, including horizontal directional drilling, excavation, and other underground services that are commonly outsourced by utilities due to their technical nature. Tom Wyza, Vice President at MPE, added, "We are looking forward to working alongside Matt, Mark, and the full Precision team to capitalize on favorable trends in the utility services industry." Matt Upp noted, "MPEs shared values and vision, as well as its proven track record of providing strategic and operational support to help accelerate growth at entrepreneur-owned businesses, made them the right partner for the Company. Precision offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. The Company has a core focus on (i) replacement of leak prone natural gas distribution pipelines and (ii) installation of telecommunications infrastructure to protect and secure the electrical grid.