Denver, CO – Platte River Equity (“Platte River”), a Denver-based private equity firm that makes control investments in North American industrial companies, announced today that it has acquired Team UIS (“UIS” or the “Company”) in partnership with the existing owners. Founded in 1976, UIS is a mission-critical provider of electrical testing, maintenance, SCADA and related field services. UIS partners with customers across utility, industrial, data center and infrastructure end markets to ensure system reliability, safety and performance.
“UIS exemplifies the type of business we seek to partner with,” said Peter W. Calamari, Managing Director at Platte River. “Over the last fifty years, the Company has built a strong reputation for technical excellence, customer responsiveness and safety, supported by a deep bench of highly experienced professionals. We are excited to partner with UIS as it continues to scale its platform and expand its capabilities.”
Marcus Rocha, Vice President at Platte River, added, “Over the past several years, we have pursued a thesis across the broader electrical services ecosystem, and UIS stood out for the quality of its team, its track record and the critical nature of the services it provides. The Company’s position at the intersection of grid reliability, electrification and digital infrastructure investment makes it a compelling platform for long-term growth.”
“We are excited to begin this next chapter with Platte River,” said John Patry, Chairman of UIS. “With Platte River’s support, we are well positioned to continue investing organically in our platform, strengthening our operations, infrastructure and executing on the attractive opportunities in front of us as demand for our services continues to grow.”
Gary Walls, Chief Executive Officer of UIS, added, “Platte River shares our commitment to culture, safety and technical excellence. This partnership strengthens our ability to invest in training, to develop the next generation of highly skilled technicians and to continue building UIS as a destination for top technician talent.”
Bartlit Beck LLP served as legal counsel and Stifel served as financial advisor to Platte River. Industria Partners served as financial advisor to the Company.
