#United States #Austin #Greenbelt Capital #Peak Utility Services #ORIX Capital

Greenbelt Capital Partners Expands Through Acquisition of Peak Utility Services Group

In a significant move within the energy sector, Greenbelt Capital Management L.P. has announced its agreement to acquire Peak Utility Services Group, a leading provider of utility infrastructure services, from ORIX Capital Partners. This transaction marks a pivotal step for both companies as they aim to bolster essential utility services across the United States.

Overview of the Acquisition

The announcement, made on March 11, 2026, emphasizes the growing necessity for reliable utility services, particularly amidst the aging infrastructure and rising electricity demand. Peak Utility Services has carved out a crucial role in the U.S. utility landscape, partnering with major utility providers to modernize electric distribution systems, enhance gas pipeline safety, and develop telecommunications infrastructure necessary for a growing digital grid.

Peak's Critical Role in U.S. Utilities

As utilities across the nation increase investments in their infrastructure to meet modern demands, Peak stands out for its comprehensive service offerings that include maintenance, repair, and upgrade solutions. The company's expertise positions it to effectively assist utility entities in managing the complexities of aging infrastructures while ensuring compliance with safety standards and regulatory requirements. With approximately 2,800 full-time employees across 15 states, Peak's national footprint and diversified service capabilities enable it to support extensive multi-year investment programs.

Michael Lennon, CEO of Peak, expressed enthusiasm about the acquisition, stating, "Partnering with Greenbelt marks a pivotal milestone for Peak as we enter our next phase of growth. 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."

Strategic Vision and Growth Potential

Greenbelt's investment is expected to significantly enhance Peak's operational capacity and market reach. Chris Murphy, a Partner at Greenbelt, noted, "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 mergers and acquisitions. As the U.S. continues to prioritize grid resiliency, system hardening, and decarbonization, Peak's services are more critical than ever."

The acquisition aligns with Greenbelt's strategic focus on investing in companies that are driving the transition to a more resilient energy future. With over $3 billion in assets under management, the firm aims to partner with companies that exhibit strong growth potential in transformative sectors.

Expected Closing and Future Outlook

The acquisition is set to proceed pending customary regulatory approvals. Legal advisory roles were filled by Kirkland & Ellis for Greenbelt and Reed Smith for ORIX Capital Partners, while Stifel served as the financial advisor to ORIX, facilitating the transaction's smooth progression.

The synergy of Greenbelt's investment approach and Peak's extensive operational capabilities is anticipated to propel Peak into a new phase of success, expanding their services in a market that increasingly demands modern and reliable utility solutions. As the energy landscape continues to evolve, this acquisition undoubtedly positions Peak as a more formidable player in the utility services field, driving advancements that support national energy goals.

For more details on Greenbelt Capital Partners and Peak Utility Services Group, visit their official websites and stay tuned for further updates as this exciting acquisition unfolds.