Peak Utility Services Group Acquires Kelly Cable
Peak Utility Services Group, a utility services provider serving natural gas, telecom, and electric utility markets in the Pacific Northwest and Intermountain West regions of the United States, has acquired Kelly Cable of New Mexico.
As part of the transaction, Mike Ford, the President of Kelly Cable, will continue to be a significant shareholder and will be part of the combined senior management team going forward.
“This is a terrific opportunity for us,” said Mike Ford, President of Kelly Cable. “The new partnership with Peak and CIVC gives us additional capital and resources, enabling Kelly Cable to expand our service offerings, better serve our customers, and support our growth.” Mike will continue in his current role as part of the Peak platform, overseeing all aspects of the day-to-day operations of Kelly Cable. In addition, Mike has joined the Board of Directors of the combined platform.
Kelly Cable provides a full suite of repair, maintenance, upgrade, and installation services for telecom and electric power infrastructure in New Mexico. Kelly Cable is headquartered in Albuquerque, NM, with regional offices in Las Cruces, NM, Santa Fe, NM, Las Vegas, NM, Roswell, NM, and Farmington, NM.
With the addition of Kelly Cable, Peak Utility Services Group now has revenue of over $150M, more than 850 employees, and operations across six states running throughout the Pacific Northwest and Intermountain West.
“Kelly Cable is a perfect complement to our business and significantly expands our capabilities and geographic reach, enabling us to better meet the long-term infrastructure requirements that are driving demand in the telecom, electric, and natural gas end-markets” said Lee Wilkerson, Peak Utility Services Group’s CEO. “Kelly Cable has a proven track record of success with an experienced management team. Like Track and Sitewise, they operate with strong core values around ethics, safety, quality, and customer service. We are excited to collaborate with Kelly Cable’s management team to better serve our customer’s current and future needs.”
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