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AEA SBF Acquires Mesa Line Services
New York – November 30, 2017 – AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has closed the acquisition of Mesa Line Services, LLC (“Mesa” or the “Company”), a leading provider of outsourced electric utility infrastructure services in the Southwest U.S.
Founded in 2014 and based in Houston, Texas, Mesa focuses on the Texas market, which is the largest in the Southwest, but has grown rapidly over the past three years to include surrounding states, including Louisiana, Arkansas, Oklahoma and New Mexico. Led by two seasoned industry veterans, the Company primarily provides electric transmission and distribution and substation repair, maintenance and rebuild work for the largest utility companies in the region. With its steadfast focus on high-touch customer service, a “safety-first” culture, an ability to attract and retain qualified labor, and maintenance of a healthy demand and supply balance, Mesa is poised to take advantage of several growth opportunities, including enhancing share with current customers, winning over new customers, expanding its geographic reach and offering new, complementary services to customers.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services. AEA SBF is a strategy within AEA that currently manages nearly $1.0 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.
About Mesa Line Services
Mesa operates as an electrical infrastructure services company. The Company offers transmission, energized, substation, distribution and underground services. Mesa serves engineering firms, power companies and developers in the Southwest U.S.
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Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner, Julie Oakes and Kate Thompson
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