Business
Greenbelt Capital Partners Agrees to Acquire Peak Utility Services Group from ORIX Capital Partners
Greenbelt Capital Management L.P. ("Greenbelt" or "Greenbelt Capital Partners") announced today that it has entered into a definitive agreement to acquire Peak Utility Services Group ("Peak" or the "Company"), a premier provider of essential utility infrastructure services, from ORIX Capital Partners ("OCP"), the private equity arm of ORIX Corporation USA ("ORIX USA"). Terms of the transaction were not disclosed.
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[{"type":"text","content":"AUSTIN, Texas and NEW YORK, March 11, 2026 /PRNewswire/ -- Greenbelt Capital Management L.P. ("Greenbelt" or "Greenbelt Capital Partners") announced today that it has entered into a definitive agreement to acquire Peak Utility Services Group ("Peak" or the "Company"), a premier provider of essential utility infrastructure services, from ORIX Capital Partners ("OCP"), the private equity arm of ORIX Corporation USA ("ORIX USA"). Terms of the transaction were not disclosed.","length":535,"tagName":"p"},{"type":"text","content":"Peak serves as a critical partner to the nation's leading utilities, providing a comprehensive suite of maintenance, repair, and upgrade services that ensure the safety and reliability of the country's electric, gas, and telecommunications networks. From modernizing aging electric distribution systems and enhancing gas pipeline integrity to deploying communications infrastructure that supports a more digitalized grid, Peak's work helps support the continued evolution of the U.S. energy landscape. Driven by the need to address the nation's aging grid infrastructure and rising electricity demand, utilities are committing record levels of programmatic capital to maintain, modernize, and expand critical grid infrastructure. With its national footprint and diversified capabilities, Peak is uniquely equipped to support these multi-year investment programs.","length":878,"tagName":"p"},{"type":"text","content":""Partnering with Greenbelt marks a pivotal milestone for Peak as we enter our next phase of growth," said Michael Lennon, CEO of Peak. "Greenbelt's deep expertise in the energy and infrastructure sectors perfectly complements our mission to provide safe, reliable, and innovative solutions to our utility partners. With their support, we are well-positioned to accelerate our expansion and continue our track record of being the preferred partner for utility customers across the U.S."","length":509,"tagName":"p"},{"type":"text","content":""We believe Peak is a premier platform led by a veteran management team that has consistently demonstrated the ability to scale through both operational excellence and strategic M&A," said Chris Murphy, Partner at Greenbelt. "As the U.S. continues to prioritize...