PowerTeam Services, LLC (PowerTeam), a portfolio company of Kelso & Co. (Kelso), a private equity firm based in New York, NY, and Birmingham, MI - based True North Equity, LLC (TNE), has acquired East Coast Underground, Inc. (ECU), based in Hurlock, MD. ECU is a leading provider of outsourced maintenance, repair and installation services for blue-chip, electric utilities in Maryland and Delaware. ECU is the seventh business to join PowerTeam, a super-regional utility services company. Jeff Wigginton, founder and managing partner of True North Equity, made the announcement.
With the addition of ECU, PowerTeam now has combined revenue of more than $500M, more than 3,000 employees, and covers a span of 22 states from the upper Midwest to the Southeast.