June 6, 2014 – (Press Release Date)
CIVC Partners acquired Track Utilities
CIVC Partners, L.P., a Chicago-based middle market private equity firm focused on investments in the business services and financial services industries, is pleased to announce the successful acquisition of Track Utilities, LLC (“Track” or the “Company”) in partnership with management. KeyBank National Association and Lake Forest Bank & Trust Company provided debt financing for the transaction.
Stifel served as financial advisor and Dorsey & Whitney LLP served as legal advisor to Track. Kirkland & Ellis LLP served as legal advisor to CIVC.
About Track Utilities
Track provides mission-critical electric and telecommunications infrastructure services in the Northwest region of the United States through a non-union labor force of over 200 employees. Track has deep relationships with the major electric utilities and telecom providers in its territory and is unique in its ability to offer customers a full suite of aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services. www.trackutilitiesllc.com
About CIVC Partners
CIVC Partners is a Chicago-based private equity firm with 25 years of experience. CIVC has invested $1.4 billion in 55 platform transactions and dozens of add-on acquisitions since 1989. CIVC is currently investing out of CIVC Partners Fund IV. CIVC focuses on companies operating within the business services and financial services industries. www.civc.com