West Jordan, UT – November 2022 – Jackson Infrastructure Services (“JIS” or the “Company”), a leading utility and infrastructure services provider to the telecommunications, power, gas, and other infrastructure markets across the Mountain West region of the U.S., announced that it has acquired Victory Equity Construction, Inc. (“VECI”) of Missoula, MT. VECI specializes in providing underground telecommunications infrastructure services for rural fiber optic cooperatives. The combined companies will exceed 215 team members, including 190 field personnel with four branches operating across the Mountain West. The acquisition of VECI provides expansion within a strategic growth market, further diversifies the Company’s customers, and adds considerable capacity to the Company’s field crews to service its customers’ growing demand. Jared Hanson, CEO of VECI, will continue operating the business as President of VECI for Jackson Infrastructure Services.
“We are extremely excited to welcome Jared and the VECI team to Jackson Infrastructure Services. VECI’s service capabilities, reputation for safety, and knowledgeable tenured staff align perfectly with our business, and we are excited to welcome their team to the Jackson family,” stated Bart Jackson, CEO of JIS. “We have a deep respect for their operation and the 25+ year history and experience in the underground utility infrastructure field. This strategic acquisition will create a meaningful growth and expansion opportunity in a key market for us.”
Jared Hanson, CEO of VECI added, “We are excited to join the Jackson Infrastructure Services team and I could not think of a better fit for my family’s company. This combination provides us with even greater strength in our markets. With JIS’s guidance and its existing operational infrastructure, we will be able to expand our existing project capacity, collective footprint, and service offerings for our customers.“
In December 2020, KLH Capital partnered with Jackson Infrastructure Services to recapitalize and continue the growth path of the Company. “VECI is a natural strategic fit for JIS. The acquisition allows for meaningful expansion into a market where its customers are currently asking it to enter. We couldn’t be happier for Bart, Jared and his family, and our team as we continue to support the expanding footprint of the Company,” said Will Dowden, Partner at KLH Capital.
For more information about this transaction, please contact Will Dowden (wdowden@klhcapital.com).
ABOUT JACKSON INFRASTRUCTURE SERVICES
Headquartered in West Jordan, UT, a suburb of Salt Lake City, Jackson Infrastructure Services ("JIS") is a leading utility and infrastructure service provider to the telecommunications, power, gas, milling, and other infrastructure markets across the Rocky Mountain region of the U.S. JIS was formed when KLH partnered with the owner of B. Jackson Construction and Engineering to recapitalize the business and certain affiliates. Since its founding in 1997, the company has cultivated relationships with top-tier telecom and utilities customers based on its award-winning excellence in project execution, outstanding safety record, and quality of work.
ABOUT VICTORY EQUITY CONSTRUCTION
Based in Missoula, MT, VECI specializes in providing underground telecommunications infrastructure services for rural fiber optic cooperatives. As one of the select providers in its footprint, VECI has cultivated key relationships with customers within its market, making it the go-to service provider for underground telecommunications infrastructure services. Located in Western Montana since its founding in 1998, VECI also services winter remote locations across Montana, Wyoming, Idaho and Colorado.
ABOUT KLH CAPITAL
Founded in 2005, KLH Capital is a private equity firm serving family- and founder-owned, lower-middle-market companies in the specialty services, value-added distribution, and niche manufacturing industries. The firm makes majority and minority equity investments in U.S.-based businesses to support the company’s growth plans, provide ownership opportunities for key managers, and allow owners to harvest the value in their businesses.
Our commitment goes beyond financial support as we believe in establishing a collaborative team of peers, all of whom have a hand in the company’s progress. When we combine management’s industry and operational expertise with our own, the company’s full potential is unlocked and value is created.
Since its founding, KLH Capital has raised $520 million. For more on our investment approach, please visit our website: www.klhcapital.com.
