January 9, 2020
Transaction Announcement
BOSTON, MA — Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Riley Brothers, Inc. (“Riley Brothers”) to Peak Utility Services Group (“Peak”), a portfolio company of ORIX Capital Partners (“ORIX”). Dunn Rush & Co. served as financial advisor to Riley Brothers in the transaction.
Riley Brothers (www.rileybrothers.net), is a leading provider of natural
gas and electric utility construction services in New England, serving major utilities in key strategic markets. Riley Brothers has built long-standing relationships with leading utilities while achieving consistent growth. Riley Brothers provides a complete range of utility construction, paving and snow plowing services and also produces asphalt, sand and other aggregate materials for its own use and for sale to other contractors. Riley Brothers was founded in 1995 and is headquartered in Stoughton, Massachusetts.
Peak Utility Services Group (www.peakusg.com) is a leading provider of maintenance, repair, upgrade and installation services for the telecom, electric and natural gas infrastructure markets in the Pacific Northwest and Intermountain West regions of the United States. Peak provides its comprehensive suite of services through three operating units: SiteWise, Track Utilities and Kelly Cable. Collectively, the company serves its customers through 22 locations with a highly trained workforce of over 1,500 employees. As a leader in utility services, the company has received numerous awards, outpacing the industry with advancements in safety, quality, customer service and strategic decision-making. Peak is headquartered in Denver, Colorado.
Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $250 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer; Defense & Security; Healthy Living; Instrumentation; Manufacturing & Distribution; Medical Technology & Services; and Technology, Software & Data Services. The Firm is a registered Broker-Dealer and is headquartered at 225 Franklin Street, Boston MA 02110. For further information, please visit our website at www.dunnrush.com or contact us at 617-451-0001.
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What Clients Are Saying About Dunn Rush
When I decided to sell my third generation, family business, I had many concerns. I wanted to be represented by an Investment Bank who had a strong reputation in the mergers and acquisition market, knew the market we participated in well enough to target likely interested parties, and who would manage the process of the transaction with various family members with various personal interests.
I had never sold a business before and didn’t realize everything that went into it, or the time involved. One of my best decisions was hiring professionals, Dunn Rush & Co., to guide us through the sale process. Their experience, determination and guidance resulted in a very smooth and efficient transaction. They were especially helpful during the negotiations over price. We achieved optimal results for all constituents: our shareholders, employees and customers.
I have seen the Dunn Rush team perform in several sell-side situations. You want them on your team! Their preparation and attention to detail is impressive. They are also real good people to have by your side during a stressful time. In the case of Bridgeport Fittings, Kevin and Greg introduced us to their Gold Standard of Preparation and we took their advice getting audited financial statements and a Quality of Earnings report. This preparation made the due diligence process go smoothly, helped the firm proactively address issues and greatly improved the due diligence process. The final results exceeded our expectations.
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