Artera Services LLC, a national provider of integrated infrastructure services to natural gas and electric industries, has entered into an agreement to acquire Feeney Utility Services Group, comprised of Feeney Brothers Utility Services and DDS Companies.
FUSG is a provider of maintenance, repair and upgrade services to natural gas utilities in the northeastern U.S.
“The FUSG team is a strong commercial, operational and cultural fit with the Artera organization,” stated Brian Palmer, CEO of Artera. “FUSG is led by an experienced management team with over 1,700 committed and long-tenured employees. The Company’s focus on recurring maintenance and repair work on existing infrastructure, strong reputation in the attractive Northeast market, and long-standing customer relationships are extremely complementary to our strategy and core values at Artera.”
“We couldn’t ask for a better partner with a similar culture and shared commitment to serving our customers and investing in our employees,” mentioned Brendan Feeney, president and co-founder of FUSG. “I look forward to the opportunities this combination brings to our company and our to employees, who will benefit from Artera’s shared resources and focus on safely and reliably serving its customers.”
Bank of America, BNP Paribas, Harris Williams and UBS served as financial advisors to Artera, and Debevoise & Plimpton LLP is serving as legal counsel to Artera. Lincoln International served as financial advisor to FUSG and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo is serving as legal counsel to FUSG.