Utility services firm Precision acquires pipeline integrity specialist Allegheny Contracting
(UI) — MPE Partners, along with its portfolio company Precision Pipeline Services (Precision), announced the acquisition of Allegheny Contracting on Aug. 22.
Allegheny is a provider of technical utility services for the natural gas end market in Pennsylvania and surrounding Mid-Atlantic and Midwest states. Allegheny offers gas transmission pipeline integrity services, which consist of the repair and maintenance work resulting from regulatory-mandated and recurring inspections of gas transmission pipeline infrastructure, as well as the repair and replacement of underground gas distribution pipelines.
MPE and Precision partnered in the transaction with Allegheny's Founder and CEO, Brent Buehler, as well as its management team.
"Allegheny has established itself as one of the premier natural gas utility service providers in Pennsylvania and surrounding states,” Mark Crowson, CEO of Precision, said. “Its success is a testament to the culture of safety and quality that Brent has instilled throughout the organization, and we look forward to partnering with the Allegheny team to support its continued success."
Churchill Asset Management and BMO Sponsor Finance provided financing to support the transaction. Jones Day served as legal advisor to MPE.
Related News
From Archive
- Inside Sempra’s 72-mile pipeline with 18 major trenchless crossings
- Trump vetoes bill to finish $1.3 billion Colorado water pipeline
- PHMSA warns of heat risks in aging plastic gas distribution pipelines following deadly Pennsylvania explosion
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- OSHA seeks $1.2 million fine after fatal trench collapse in Connecticut
- Worm-like robot burrows underground to cut power line installation costs
- First tunnel boring machines complete testing for Hudson Tunnel Project
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Construction jobs stumble into 2026 after weak year
- NWPX grows water infrastructure portfolio with Colorado precast facility
Comments