An affiliate of Peak Rock Capital, a middle-market private investment firm, has completed an acquisition of SAM Companies, a provider of geospatial services to utility, transportation, and broader infrastructure clients. The SAM management team, which is headquartered in Austin, Texas, will maintain a meaningful ownership position in the company.
Jordan Campbell, managing director of Peak Rock, said, “SAM represents an opportunity to invest in a growing infrastructure services platform with a strong leadership position in advanced geospatial technologies. We are impressed with the strong track record of growth the SAM team has achieved and we look forward to partnering with the Company to accelerate growth and execute complimentary acquisitions to extend SAM’s technical capabilities, technology offering, and geographic coverage.”
Chris Solomon, president and CEO of SAM, commented, “We are excited to partner with Peak Rock as we embark on our next phase of growth. Peak Rock has a deep understanding of our business, and a strong track record of supporting companies and management teams in driving growth, innovation, and building leading platforms. We look forward to our partnership, which will position SAM to accelerate its rapid growth by expanding its service capabilities and geographic footprint, and allow SAM to continue to invest in the industry’s most advanced technologies and leading talent.”
“This transaction exemplifies Peak Rock’s commitment to invest in high growth industrial and technology-enabled services businesses,” added Anthony DiSimone, chief executive officer of Peak Rock. “We continue to seek industrial platforms that we believe can benefit from our ability to drive transformational growth through organic initiatives and add-on acquisitions.”
Lincoln International served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Peak Rock on this transaction.