Jackson Infrastructure Services, a provider of utility and infrastructure services, has acquired Victory Equity Construction.
In December 2020, KLH Capital and J2 Partners formed Jackson Infrastructure Services (JIS) to acquire the company (then B Jackson Construction and Engineering) in partnership with founder and CEO Bart Jackson.
Today, JIS is a utility and infrastructure services provider to the telecommunications, power, gas, milling, and other infrastructure markets across the West and Southwest regions of the United States.
The company provides dry utility services (power, telecom and natural gas utility installation); wet utility services (water line, sewer and storm drain projects); electrical services (street lighting, traffic signals, ATMS (advanced traffic management systems) and commercial light retrofit projects); heavy civil services (roadway and site construction work); and specialty services (cold milling, rumble strip installation, vacuum excavation, and subsurface potholing).
JIS was founded in February 1997 by Bart Jackson and is headquartered near Salt Lake City in West Jordan, Utah.
Victory Equity Construction (VECI) provides underground telecommunications infrastructure services to rural fiber optic cooperatives in Montana, Wyoming, Idaho and Colorado. VECI, led by CEO Jared Hanson, was founded in 1998 and is headquartered in Missoula, Montana.
With the combination of JIS and VECI, the company now has more than 215 employees including 190 field personnel with four branches operating across the Mountain West.
“We are extremely excited to welcome Jared and the VECI team to Jackson Infrastructure Services. VECI’s service capabilities, reputation for safety, and knowledgeable tenured staff align perfectly with our business, and we are excited to welcome their team to the Jackson family,” said Mr. Jackson. “We have a deep respect for their operation and the 25+ year history and experience in the underground utility infrastructure field. This strategic acquisition will create a meaningful growth and expansion opportunity in a key market for us.”
“VECI is a natural strategic fit for JIS. The acquisition allows for meaningful expansion into a market where its customers are currently asking it to enter,” said Will Dowden, a managing partner at KLH Capital. “We couldn’t be happier for Bart, Jared and his family, and our team as we continue to support the expanding footprint of the company.”
KLH makes majority and minority investments in family- and founder-owned distribution, specialty services, and niche manufacturing companies that have EBITDA from $4 million to $20 million. KLH was founded in 2005 and is headquartered in Tampa, Florida.
© 2022 Private Equity Professional | November 29, 2022
