Pearce Services, LLC, a provider of telecommunications infrastructure maintenance, repair, and engineering, has announced that it has partnered with New York-based New Mountain Capital, a growth-oriented investment firm with over USD 20 billion in assets under management, the company said.
Pearce also has announced the simultaneous acquisition of MaxGen Energy Services and World Wind & Solar (“WWS”), independent providers of repair and maintenance services for utility-scale renewable wind and solar assets as well as electric vehicle charging station infrastructure.
Terms of the transactions were not disclosed.
The combination creates the technology-enabled platform providing outsourced field and engineering services for distributed electromechanical infrastructure assets. The combined business will be known as Pearce Services and has over 1,200 skilled technicians and engineers with a nationwide footprint. MaxGen and WWS will also continue to operate their respective brands at this time.
Lincoln International LLC acted as financial advisor to Pearce. Guggenheim Securities, LLC acted as financial advisor to MaxGen and WWS. MaxGen´s electric vehicle infrastructure design-build business was not included in the transaction.
Pearce Services is a national provider of outsourced operations, maintenance, and engineering services for mission-critical infrastructure. For more information, visit www.pearce-services.com.
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over USD 20 billion in assets under management. For more information on New Mountain Capital, visit www.newmountaincapital.com.