First Reserve Buying Electric Utility Services Firm
September 06, 2013
First Reserve has agreed to buy Utility Services Associates through its First Reserve Fund XII. Utility Services Associates serves the electrical utility services industry with critical maintenance, repair, rebuild and construction services for power transmission and distribution infrastructure across the Mid-Atlantic and Eastern U.S. regions. First Reserve thinks the company is poised to benefit from positive, long-term macro trends in the electric transmission and distribution services industry.