Based in Amarillo, TX, Plaska specializes in installation, repair and maintenance services on overhead electrical power lines for utilities and industrial companies, as well as storm response
BHI Energy (“BHI”) today announced that it has acquired Plaska Transmission Line Construction, LLC (“Plaska” or the “Company”), a fully licensed electrical contractor providing distribution, transmission, and storm restoration services for customers throughout Texas, Arizona, Kansas, New Mexico, and Oklahoma. BHI is a portfolio company of AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. Terms of the transaction were not disclosed.
Based in Amarillo, TX, Plaska specializes in installation, repair and maintenance services on overhead electrical power lines for utilities and industrial companies, as well as storm response. The Company also performs electric distribution construction work. Plaska’s senior management team remains with the Company.
“The acquisition of Plaska allows BHI to geographically expand our transmission & distribution service offerings, delivering optimal solutions and greater value to our clients,” says Bob Decensi, BHI Chief Executive Officer. “Plaska has a superior reputation for dependable electrical contracting and major development projects, and is well-known for its commitment to safety, quality, customer service, and employees. By partnering with the Plaska team, we are confident we can build on their tradition of excellence and grow our overall suite of service offerings.”
“The Plaska management team is excited to join BHI, and continue our growth and success in the transmission & distribution services industry with a new partner,” added Greg Jackson, Plaska President. “We have long been an industry leader in providing safe and reliable services to our customers, and we’re pleased to serve new customers with an expanded presence throughout the Central US and Gulf Coast as part of BHI.”
Akerman LLP served as legal advisor and Crowe LLP served as financial advisor to BHI.
Source: Company Press Release