Smart City

Smart City Sentinel

Pearce Services Partners with New Mountain Capital, Makes Acquisitions

By Ken Briodagh

Pearce Services, a provider of telecommunications infrastructure maintenance, repair, and engineering, recently announced that it has partnered with New Mountain Capital, an investment firm with more than $20 billion in assets under management. Pearce also announced in the same release that it has acquired MaxGen Energy Services and World Wind & Solar, both providers of repair and maintenance services for utility-scale renewable wind and solar assets and electric vehicle charging station infrastructure. Terms of the transactions were not disclosed.

The combined business will be known as Pearce Services and has more than 1,200 technicians and engineers with a nationwide footprint. MaxGen and WWS will also continue to operate their respective brands, for now, according to the release.

“We have been proactively investing in the infrastructure services sector for a number of years and identified Pearce, MaxGen, and WWS as industry-leading businesses with best-in-class capabilities and strong growth opportunities,” said Joe Walker, Director, New Mountain Capital. “We believe the combination positions Pearce to pursue major long-term growth opportunities including deployment of 5G, battery infrastructure, decarbonization, modernization of the electric power grid, and electrification of transportation. We plan to help Pearce grow rapidly both organically and through acquisition.”

“New Mountain is the ideal partner for Pearce as we enter our next stage of growth,” said Bret Forster, CEO, Pearce. “This is an exciting time in Pearce’s history, and we are confident that New Mountain’s proven track record of business building and supporting management teams will help us accelerate the business organically and become the employer and acquiror of choice in the industry. We look forward to our partnership and the benefits it will yield for our customers, employees, and industry partners.”

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.


Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

TD SYNNEX Launches IAconnects MobiusFlow Click-to-Run on Azure

By: Stefania Viscusi    9/20/2022

TD SYNNEX has launched IAconnects MobiusFlow Click-to-Run on Azure to simplify IoT deployment and management in smart buildings.

Read More

Smart City Technologies Critical for Reaching Net-Zero Goals

By: Greg Tavarez    7/26/2022

Smart city technologies will be a critical asset for decarbonization and reaching net zero, according to global technology intelligence firm ABI Resea…

Read More

Parsons Joins Smart City Works Venture Studios as a Disrupter to Drive Innovation Forward

By: Arti Loftus    6/14/2022

Some of the most prudent projects include smart grids, transportation, smart lighting, and traffic management.

Read More

Peachtree Corners, ACiiST Partner for Smart City Solutions

By: Greg Tavarez    5/17/2022

Peachtree Corners, Georgia, announced a partnership with Israeli startup ACiiST - Smart Networks, to provide Peachtree Corners with connected infrastr…

Read More

Lessons Learned from Smart Cities Past: Ethics and Politics of Tech Matter

By: Special Guest    4/26/2022

In this post, I will summarize critiques and offer alternative ways of thinking that could contribute to building more citizen-centric and ethically s…

Read More