Contract Land Staff, a provider of land management and right-of-way consulting services and a portfolio company of Hammond, Kennedy, Whitney & Company, has expanded into Canada with the acquisition of Peterson Land Consulting.
Peterson Land Consulting (PLC) specializes in land and right-of-way services for electrical generation, transmission and distribution acquisition, as well as for pipelines, substations, compressor stations and lease site projects. The company was founded in 1995 and is based in Edmonton (www.petld.com).
Contract Land Staff (CLS) is a provider of a combination of land and property management services such as right-of-way acquisition, training, staffing, and land and real estate administration services. The company serves pipeline, utility, electric transmission, rail, public sector, solar and wind generation, and telecommunications clients nationwide. CLS was founded in 1985 and is headquartered in Sugar Land, TX with regional offices in Austin, TX; Denver, CO; Lake Charles, LA; McMurray, PA; San Antonio, TX; Victoria, TX; Waterloo, IA; Westerville, OH; and Williston, ND (www.contractlandstaff.com).
“We are very pleased to announce this acquisition and partnership with PLC which further demonstrates CLS’s ongoing investment and commitment to the right-of-way Industry, and continues CLS’s growth internationally, enabling us to serve our international as well as domestic clients,” said Brent Leftwich, President and CEO. “We are excited to leverage PLC’s electric experience and paired with our extensive electric and pipeline experience, this will allow us to expand geographically, while continuing to provide quality services in the US and Canada.”
Hammond, Kennedy, Whitney & Company invests in companies with revenues between $20 million and $200 million and EBITDAs between $2 million and $20 million. Over the past 29 years, HKW has completed 41 platform management buyouts of small middle-market companies throughout North America as well as 45 add-on acquisitions. The firm is headquartered in Indianapolis with an additional office in New York (www.hkwinc.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-26-13