Osmose Utilities Services, Inc. Acquires Power Survey Company
Combined company is well positioned as leading provider of essential asset inspection and maintenance services for critical utility and telecom-owned infrastructure, with significantly enhanced geographic scale and service offering.
PEACHTREE CITY, Ga. & NEW YORK, July 25, 2019 /PRNewswire-PRWeb/ -- Osmose Utilities Services, Inc. ("Osmose"), the leading provider of critical inspection, maintenance and restoration services for utility and telecom infrastructure in the U.S., today announced that it has acquired Power Survey Company ("Power Survey"), the industry leader in providing mobile contact voltage detection services to major utilities in North America and Europe.
Founded in 2006, Power Survey leverages unique mobile surveying technologies to detect contact voltage and identify faults in underlying utility infrastructure. The company's services improve the safety, reliability, and efficiency of the electrical distribution grid in a cost-efficient manner. Power Survey's proprietary electrical sensor technology is supported by a portfolio of patents, advanced data management systems, and a team of trained professionals delivering critical voltage detection services to blue chip utility customers across North America and Europe.
Ron Childress, CEO of Osmose commented: "We are pleased to announce this compelling combination with Power Survey. Like Osmose, Power Survey's critical and recurring services enhance the safety and reliability of utility infrastructure. This is a significant milestone for Osmose and an important step in our long-term strategy of providing our utility and telecom customers with a full suite of high-value services to support their infrastructure. The Power Survey team shares our commitment to unparalleled service, quality and safety, and we are confident that together, we will continue to enhance the reliability of utility infrastructure across North America and Europe. We are excited to welcome Power Survey's talented and dedicated employees to our team and look forward to working together."
"We have enjoyed building a relationship with Osmose throughout this process and look forward to expanding our combined presence globally," commented Tom Catanese, Founder & CEO of Power Survey. "We are excited to leverage Osmose's brand, broad customer relationships, and multi-decade operational experience as we continue investing in our sales and data analytics capabilities."
Kirkland & Ellis LLP served as legal counsel to Osmose. Houlihan Lokey served as financial advisor and DLA Piper acted as legal counsel to Power Survey.
About Osmose Utilities Services, Inc.
Founded in 1934, Osmose is the market-leading provider of critical inspection, maintenance and restoration services for utility and telecom infrastructure in North America. Osmose's services include wood pole inspection, treatment and restoration, steel structure assessment and rehabilitation, structural engineering services, and other ancillary services. Osmose employs approximately 3,600 people including 3,000 field employees across the country, as well as professional engineers, corrosion experts and software developers at its headquarters in Peachtree City, Georgia.
More info: http://www.osmose.com
About Power Survey
Headquartered in Secaucus, NJ, Power Survey is a leading service provider to the global electric utility industry. Power Survey's unique, groundbreaking technologies and services improve the safety, reliability, and efficiency of electric distribution systems.
More info: http://www.powersurveyco.com
SOURCE Osmose Utilities Services, Inc.
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