Tiger Infrastructure backs national expansion of ELM’s underground utility locating services
(UI) — Tiger Infrastructure Partners has made a major growth investment in ELM Utility Services, a leading U.S. provider of outsourced public utility locating — a critical service that prevents excavation-related damage to underground infrastructure.
Utilities are legally required to mark underground assets before any digging can occur, and most rely on private locating firms to meet strict performance and safety standards. ELM, which has grown steadily over the past 25 years, now operates a fleet of more than 1,400 vehicles and provides locating services to more than 60 utilities across 13 states.
Tiger Infrastructure said its investment will support ELM’s national expansion and strengthen its role in protecting underground infrastructure as utility networks continue to grow. The firm cited ELM’s strong operational track record and on-time accuracy as key factors in the deal.
ELM founder Lee Graves will retain a significant ownership stake, while CEO Jim Bourazak and President Harley Hartman will continue leading the company. The capital infusion will help ELM expand its workforce, grow its asset base, and scale its services to meet rising demand for precise underground utility locating across the country.
Related News
From Archive
- OSHA issues 16 citations following fatal sewer confined space incident
- 27 pipeline safety violations tied to deadly Pa. chocolate factory explosion
- Contractor gas line strike triggers home explosion in Missouri
- LA recovery reports call for $650 million power line burial, major utility upgrades in Pacific Palisades
- Comprehensive microtrenching FAQ: Key insights on the Vermeer MTR516 microtrencher
- T-Mobile to expand fiber broadband infrastructure footprint with $4.9 billion Metronet acquisition
- First tunnel boring machines complete testing for Hudson Tunnel Project
- NWPX grows water infrastructure portfolio with Colorado precast facility
- Cityside launches $100 million fiber build in Corona, Calif.
- FiberLight to build 1,400-mile West Texas dark fiber network in $350 million expansion
Comments