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July 2011

Southeast Connections, LLC

The Investment

CIVC Partners has partnered with management and True North Equity to acquire Southeast Connections (SEC), a leading provider of outsourced maintenance, repair and installation services for blue-chip utilities in the Southeast. As part of the transaction, the SEC management team made an investment in the company alongside CIVC, demonstrating their long-term commitment to SEC’s growth prospects and superior business model. SEC becomes the second business to join PowerTeam Services, a newly named utility services platform. The first company in the platform, KS Energy Services (KSE) of New Berlin, WI, was acquired in June of last year. The KSE management team also contributed equity for the acquisition of SEC. PowerTeam Services offers natural gas and electric utilities a wide array of services and solutions, helping them to operate more efficiently and reliably.

The Company

Southeast Connections is a leading provider of outsourced maintenance, repair and installation services for natural gas and electric utilities. SEC specializes in pipeline renewal programs (typically last 10-15 years) to repair and replace large sections of aging and/or unprotected steel and plastic natural gas pipelines. The company is one of only a few contractors that provide turnkey services through versatile non-union work crews and a full range of in-house capabilities. Additionally, SEC maintains one of the most productive, qualified, and safest teams in the industry. The company is headquartered in Conyers, GA with additional offices in Augusta, GA, Chesapeake, VA, and Birmingham, AL.

Value-Add Approach

The investment in SEC represents an example of CIVC’s value-add approach and success in identifying and closing on highly accretive acquisition opportunities. As part of PowerTeam Services, KSE and SEC have combined revenue of more than $100 million, manage over 800 employees, and cover a span of twelve states running from the upper Midwest to the Southeast. The addition of SEC diversifies PowerTeam’s customer base, increases its presence throughout the United States, strengthens its management team, and broadens its service offering. CIVC plans to invest significant additional equity capital over the next several years in the platform, continuing to grow the company’s service offerings and geographic footprint. Additionally, CIVC will continue to provide strategic guidance in order to capitalize on the attractive market opportunity.

If you have an opportunity that might be an add-on acquisition candidate for PowerTeam Services or might fit with our business services focus, please contact Chris Perry or John Compall.

About CIVC Partners

CIVC Partners is a leading Chicago-based private equity firm with over 40 years of private equity experience and currently manages over $1.3 billion of capital. CIVC provides growth and buyout capital to middle-market companies and executives with a focus on business services, financial services, and marketing and information services. More information on CIVC Partners and its portfolio companies can be found at


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