EQT Infrastructure’s Acquisition of Osmose Utilities Services

Kirkland & Ellis LLP served as legal advisor to EQT Infrastructure. Goldman Sachs & Co. LLC and Harris Williams served as financial advisors and Ropes & Gray LLP acted as legal counsel to Osmose.

EQT Infrastructure has acquired Osmose Utilities Services, Inc. from Kohlberg Investors VII, a fund managed by Kohlberg & Company, LLC. Osmose will maintain its corporate headquarters in Peachtree City, Georgia, under the continued leadership of CEO Ron Childress and the Osmose management team. Terms of the transaction were not disclosed.

Founded in 1934, Osmose is the leading provider of critical inspection, maintenance and restoration services for wood and steel infrastructure in the United States. Osmose leverages its scale, multi-decade operational experience and proprietary data analytics to deliver a unique and essential service that is cost-effective, improves infrastructure reliability and reduces risk for its utility and telecom customers. This strong value proposition, combined with service, quality and a world-class safety record, has allowed Osmose to maintain relationships averaging around 40 years with its top 50 customers.

EQT will support Osmose in its next phase of development as the Company focuses on accelerating service expansion with existing and new customers, further enhancing its data analytics capabilities and scaling its base of talented and high-performing foremen to support growth. Moreover, EQT will leverage its bench of Industrial Advisors with extensive experience in utilities, telecom and similar services businesses to drive growth and achieve operational efficiencies.

Kirkland & Ellis advised EQT Infrastructure with a team including Sarah Stasny (Picture) and Jessica Murray, and debt finance partner Ashley Gregory.

The Ropes & Gray team was led by private equity partner William Shields, tax partner Benjamin Rogers, benefits partner Danna Kivell and private equity associate William Baker.

Involved fees earner: Ashley Gregory – Kirkland & Ellis; Jessica Murray – Kirkland & Ellis; Sarah Stasny – Kirkland & Ellis; William Baker – Ropes & Gray; Danna Kivell – Ropes & Gray; Benjamin Rogers – Ropes & Gray; William Shields – Ropes & Gray;

Law Firms: Kirkland & Ellis; Ropes & Gray;

Clients: EQT Infrastructure LP; Osmose Utilities Services Inc.;

Author: Ambrogio Visconti