An affiliate of Peak Rock Capital (Peak Rock), a middle-market private investment firm, has completed an acquisition of SAM Companies (SAM), a provider of geospatial services to utility, transportation, and broader infrastructure clients.
The SAM management team, which is headquartered in Austin, Texas, will maintain a meaningful ownership position in the Company.
SAM’s comprehensive service offering includes surveying and building information modelling, geographic information systems and aerial mapping, utility engineering, program management, and inspection services. SAM provides value-added technical services and a full spectrum of geospatial data solutions to capture, analyse, and deliver the most accurate and reliable data, and support clients in optimising infrastructure assets through the entire lifecycle. The Company has more than 1,000 dedicated employees in 38 offices across the country.
Jordan Campbell, Managing Director of Peak Rock, says: “SAM represents an opportunity to invest in a growing infrastructure services platform with a strong leadership position in advanced geospatial technologies. We are impressed with the strong track record of growth the SAM team has achieved and we look forward to partnering with the Company to accelerate growth and execute complimentary acquisitions to extend SAM’s technical capabilities, technology offering, and geographic coverage.”
Chris Solomon, President and CEO of SAM, says: “We are excited to partner with Peak Rock as we embark on our next phase of growth. Peak Rock has a deep understanding of our business, and a strong track record of supporting companies and management teams in driving growth, innovation, and building leading platforms. We look forward to our partnership, which will position SAM to accelerate its rapid growth by expanding its service capabilities and geographic footprint, and allow SAM to continue to invest in the industry’s most advanced technologies and leading talent.”
“This transaction exemplifies Peak Rock’s commitment to invest in high growth industrial and technology-enabled services businesses. We continue to seek industrial platforms that we believe can benefit from our ability to drive transformational growth through organic initiatives and add-on acquisitions,” added Anthony DiSimone, Chief Executive Officer of Peak Rock.
Lincoln International served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Peak Rock on this transaction.