Apr 2019 | Florida
General Utility Construction Acquired By Young’s Communications
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, General Utility Construction, Inc. (“GUCI”), to Y-COM Holdings, LLC, a portfolio company of Cotton Creek Capital.
Founded in 2008, GUCI specializes in aerial and underground cable and fiber construction. The combination provides Y-COM with complementary service capabilities, increased scale, and a strengthened presence for customers throughout Florida.
“GUCI’s reputation for quality and customer service aligns with the standard Y-COM has set over our 40+ years of serving clients,” said Steve Young, President of Y-COM.
“We welcome the GUCI team to the Y-COM family and believe the combined entity’s commitment to exceptional quality and service, coupled with our expanded footprint, will greatly benefit our customer base.”
Y-COM will now have nine operating locations in Florida, with statewide coverage and expanded capabilities to service its customers. Y-COM’s combined service offerings include aerial/underground fiber installation, fiber splicing, utilities infrastructure installation and maintenance, and intelligent transportation solutions (“ITS”). As part of the acquisition, GUCI will continue to be led by its current executive and operations team.
Generational Equity Sr. Managing Director Terry Mackin, with support from Vice President Mergers & Acquisitions Mark Galovic, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with General Utility Construction.
“GUCI provided Cotton Creek with the opportunity to immediately add value to a recent platform acquisition in the space,” said Mackin.
“It is an example of what we see time and time again in the private equity world and a perfect way for our clients to sell to a group that will fulfill the long term goals they both envision for the company.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction page.
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