Asplundh, a provider of vegetation management and utility infrastructure services, has bought Voltyx, a portfolio company of private equity firm Arcline.
Based in Nashville, Tennessee, Voltyx focuses on electric infrastructure services, including design and engineering, testing and commissioning, and repair and maintenance services to a set of 1,500 customers across utility, renewable energy, data center and commercial and industrial markets.
Harris Williams and Stifel Nicolaus & Co. served as financial advisors, and Kirkland & Ellis LLP and Fredrikson & Byron P.A. served as legal counsel to Arcline in connection with the transaction.