Calera Capital Takes Majority Stake in Thayer Power & Communication

Calera Capital, a middle-market private equity firm, has announced that it has acquired Thayer Power & Communication in partnership with management, the company said.

Thayer is a provider of mission critical repair, maintenance, and upgrade services for the utility and telecommunications industries. Terms of the transaction were not disclosed.

Thayer represents Calera´s eighth investment from Fund V and reinforces Calera´s strength and track record of successfully partnering with existing, strong management teams. Mark Williamson, Ethan Thurow, and Ed Orzetti led Calera´s investment in Thayer and will join the company´s board.

Founded in 1964, Thayer Power & Communication is a provider of mission critical repair, maintenance, and upgrade services for the utility and telecommunications industries. Thayer has a deep understanding of how to deliver and drive exceptional day-to-day work safety, quality, and service. The company operates in three primary lines of business: electric utility services, fiber placement and other wireline telecommunications services, and small cell site deployment and related wireless services. The company is headquartered in Columbus, Ohio and offers its services across a large regional area including the central Midwest, Northeast, and Southeast United States.

Founded in 1991, Calera Capital is a private investment firm which has invested over USD 3.5 billion. With offices in Boston and San Francisco, Calera focuses on partnering with founders and management teams to drive significant value creation in their businesses, primarily in two industry sectors: Business Services and Specialty Industrials. Calera Capital makes substantial equity investments in middle-market businesses and works closely in support of management to build long-term sustainable value through the implementation of strategic and operating initiatives.