Sparus Holdings, a provider of outsourced field and professional services for utility and industrial customers and a portfolio company of Ridgemont Equity Partners, has purchased United Locating Services, a utility locating and damage prevention service provider.
ULS has operations across the midwestern and southwestern United States. The ULS leadership team will remain with the company and continue to manage the business within Sparus.
“Utility locating and damage prevention is a service area we prioritized for expansion, and ULS’s market presence and expertise is highly complementary to our operations and organic growth initiatives,” comments Rich Summers, CEO of Sparus. “Moreover, Sparus and ULS have similar cultures and shared values, including a mutual commitment to excellence in service quality, safety, and client satisfaction.”