Southeast Directional Drilling Acquired by Power Line Holdings
Feb 02, 2013
Power Line Holdings Inc., a portfolio company of private equity firm Energy Capital Partners and sole owner of Power Line Services, Inc., announced Jan. 3 the acquisition by PLH of three specialty pipeline construction and maintenance companies, including Southeast Directional Drilling.
Power Line Holdings Inc., based in Delaware, is also now known as PLH Group Inc. (PLH).
Effective Dec. 18, 2012, PLH acquired Southeast Directional Drilling, LLC (SEDD), M&M Pipeline Services (M&M), and Energy Services South LLC (ESS). The addition of these three pipeline construction companies significantly expands the capabilities of PLH to provide specialty construction and related services for the North American energy pipeline and transmission market.
Headquartered in Casa Grande, Ariz., SEDD is a leading horizontal directional drilling (HDD) contractor for the midstream pipeline construction and utility industries. Utilizing proprietary drilling equipment and proven industry experience, SEDD has completed more than 185 miles of HDD projects and is able to complete crossings of up to 56-in. pipe with lengths of up to 10,000 ft. M&M, located in Eupora, Miss., is a market leader in specialized services for the energy pipeline construction and maintenance market, including site preparation, environmental restoration, project closing, and maintenance services for the energy infrastructure market. PLH also plans to expand M&M’s services to the electric transmission construction market. ESS, located in Livingston, Ala., performs pipeline maintenance, repair and overhaul, inspection services and pipeline installation services for pipeline owners and operators.
“These highly compelling transactions strategically diversify our service offerings, geographical footprint, and customer base,” said PLH CEO Mark Crowson. “PLH is well positioned to exceed our clients’ expectations and support the major energy infrastructure investments anticipated in North America over the next several years.” The current senior management and employees of SEDD, M&M, and ESS will remain in place.
PLH is a leading provider of construction and maintenance services to the electric power delivery and pipeline industries. Its customers include many of the nation’s largest utilities, regional cooperatives, renewable energy developers, commercial and industrial customers, and major oil and gas producers and midstream companies. PLH, a company started by Energy Capital Partners, holds the acquisitions of Sun Electric, TESSCO, AIR 2, Auger Services, Snelson Companies, IPS Engineering, Southeast Directional Drilling, M&M Pipeline Services, and Energy Services South. The PLH companies combined have more than 2,000 employees and a fleet of more than 2,000 pieces of specialized equipment and PLH is actively seeking to expand further its service offerings and geographic footprint.