“We are extremely happy with how Aptus has performed this year despite a very challenging environment. “This acquisition positions our company to better serve our customers on more projects across a much-wider geography. We stand ready to assist our partners with this work,” said Scott T. “The country’s infrastructure, including utility infrastructure, is continuing to be built out and repaired. The King Electric Acquisition represents the first step in 3RC’s partnership with Aptus to expand its business beyond its primary territory in the Southeast United States, positioning the company for continued strategic growth. There is a tremendous amount of knowledge between the two companies regarding installing utility pipe on bridges that will make us really successful in this industry. “I am excited about the merger between King Electric and Aptus. King, will remain with the company as Aptus’ President of the Mid-Atlantic Region, further strengthening Aptus’ management team. The combined companies utilize highly trained and specialized equipment to offer customized installation, repair and maintenance solutions for bridge-attached utilities such as power lines, communication lines, drainage systems, and natural gas pipelines. and will provide Aptus more scale, resources and better ability to serve its customers in the Mid-Atlantic region. King Electric was founded in 1971 and has 30 employees.Īptus’ acquisition of King Electric strengthens its position as the largest bridge utility contractor in the U.S.
Headquartered in Fayetteville, North Carolina, King Electric provides turnkey engineering and infrastructure services for utility companies and state DOTs primarily in the Mid-Atlantic. Pittsburgh, PA – December 22, 2020: 3 Rivers Capital (“3RC”) announced its portfolio company, Aptus Group USA, has acquired King Electric of Fayetteville, a second-generation, family-owned and operated infrastructure services provider.
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