Delphi Infrastructure Group (DIG), a portfolio company of MPE Partners, has acquired JMF Underground, a provider of underground utility services.
DIG was formed by MPE in January 2025 to consolidate its investments in Precision Pipeline Services (August 2023), Sabcon Underground (April 2024) and Allegheny Contracting (August 2024).
JMF Underground’s services include horizontal directional drilling, soft excavation, boring design and engineering, trenching, and the fusion of high-density polyethylene (HDPE) piping. Customers of the company include electric and natural gas utilities primarily in South-Central Pennsylvania and adjacent states. JMF Underground was founded in 2008 by CEO Joe Fisher and is headquartered in Mechanicsburg, Pennsylvania.
“I am exceptionally proud of what the JMF team has built since being founded in 2008. We are excited to join a like‑minded, established, and reputable team at DIG that will enable us to better serve customers and accelerate our next phase of growth,” said Mr. Fisher.
Delphi Infrastructure Group operates through subsidiaries including Precision Pipeline, Sabcon Underground, and Allegheny Contracting. DIG’s services include horizontal directional drilling, trenching, excavation, utility locating and verification, GPS mapping, hot tapping—which allows connections to live pressurized pipelines without shutdown—and hydrovac operations.
Customers of DIG include electric, gas, water, and telecom utility providers throughout the Eastern United States. DIG, led by CEO Mark Crowson, was founded in 2022 and is headquartered in Columbus, Ohio.
“We are thrilled to welcome Joe and the JMF team to the organization,” said Mr. Crowson. “JMF Underground has become a provider of specialized underground solutions across the Mid‑Atlantic and Eastern United States. The company’s consistent growth reflects its deep commitment to safety, reliability, and customer service under Joe’s leadership. We are proud to partner with the JMF team and support their continued expansion as part of the DIG portfolio of companies.”
“The addition of JMF Underground alongside Precision Pipeline, Sabcon Underground, and Allegheny Contracting further establishes DIG as a scaled, provider of underground infrastructure services to a diverse set of utility customers,” said Lukas Sontich, a vice president at MPE. “We are thrilled to welcome Joe and the JMF team to the organization.”
Cleveland and Boston-based MPE invests in North America-based lower middle-market companies with EBITDA from $8 million to $40 million. Sectors of interest include high-value manufacturing and commercial and industrial services.
Debt financing for the add-on was provided by Churchill Asset Management and BMO Sponsor Finance.
© 2025 Private Equity Professional | June 24, 2025
