MPE Partners, Precision Pipeline expand Florida footprint with SabCon Underground acquisition
(UI) – MPE Partners, along with its portfolio company Precision Pipeline, announced the acquisition of SabCon Underground. SabCon is a provider of critical repair, new installation, replacement, and maintenance services for natural gas utility customers throughout Florida.
SabCon offers a comprehensive breadth of services, including horizontal directional drilling, open trench excavation, pipe fusion, hot taps, and other specialty offerings.
MPE and Precision partnered in the transaction with SabCon's Founder and President, Kellie Burns, as well as its management team. Mark Crowson, Chief Executive Officer of Precision, said, "Through a relentless focus on safety, reliability, and quality, SabCon has established itself as one of the premier natural gas utility services providers in Florida. SabCon is a welcome addition, and we look forward to working alongside Kellie and the broader team to support SabCon's continued success and growth in the Florida market."
Constantine Elefter, Partner at MPE, added, "With the combination of Precision and SabCon, we are building a larger organization that is well equipped to deliver exceptional services to the utility industry across a broader geographic footprint and customer base. Our commitment is to continue to invest behind these businesses and teams. We are excited about this joining of talented operators and welcome Kellie and her team."
Headquartered in Lancaster, OH, with field offices in Columbus and Xenia, OH, Precision Pipelines provides repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets.
Precision also offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. The company focuses on the replacement of leak prone natural gas distribution pipelines and installation of telecommunications infrastructure to secure the electrical grid.
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