CIVC Partners and True North Equity have completed the sale of PowerTeam Services. The company was acquired by Kelso & Company, which will merge the company with its existing portfolio company Power Holdings. PowerTeam is a Michigan-based infrastructure services provider to the gas and electric utility industry. Through three operating units, the company provides services for the recurring repair, replacement, maintenance and installation of natural gas and electric transmission and distribution infrastructure. Under CIVC's ownership, revenue more than quadrupled, driven by both organic and acquisition-based growth strategies.