#USA #New York #Investment #Tiger Infrastructure #ELM Utility Services

Tiger Infrastructure Partners Boosts ELM Utility Services

In a strategic move to enhance public infrastructure safety, Tiger Infrastructure Partners has made a significant growth investment in ELM Utility Services, a prominent player in the outsourced utility locating domain. This investment is poised to aid ELM in expanding its operational footprint across the United States, ensuring safe excavation and utility management in a time of rising demand for infrastructure services.

The Need for Reliable Utility Locating

Utilities must adhere to stringent laws mandating that underground infrastructure is accurately located and marked before any excavation activities occur. This process is vital, as damages to these underground lines can lead to service interruptions, financial losses, and even safety hazards. Outsourcing this critical service to knowledgeable providers like ELM allows utilities to focus on core operations while maintaining compliance with regulations.

ELM Utility Services has established itself as a reliable partner with a proven track record, boasting over 1,400 vehicles that currently serve more than 60 utility companies across 13 states in the western and central regions of the United States. It’s this commitment to operational excellence that makes the partnership with Tiger Infrastructure particularly promising.

Insights from Tiger Infrastructure

Emil Henry, the Founder, CEO, and CIO of Tiger Infrastructure Partners, remarked on the significance of the investment, stating, “ELM is a market leader known for operational excellence and a critical role in safeguarding our nation's infrastructure.” Henry emphasized that as underground utility infrastructure continues to grow annually, the emphasis on better service and reliable outcomes from locating providers is paramount.

The transformational capital provided by Tiger aims to bolster ELM’s already impressive growth trajectory, leveraging Tiger Infrastructure’s extensive experience in nurturing middle-market infrastructure businesses. This investment is expected to empower ELM to diversify its asset base significantly, improve its workforce, and refine its financial strategy to sustain long-term development.

ELM’s Vision Moving Forward

Lee Graves, the founder and long-time owner of ELM, acknowledged this investment as a pivotal moment for the company. He stated that the expertise and resources Tiger Infrastructure brings will allow ELM to expand its reach and enhance the quality of service it provides, which has been a hallmark of the company for the past quarter-century.

Jim Bourazak, CEO, and Harley Hartman, President of ELM, will continue to lead the company, focusing on maintaining the culture and high service standards that have defined ELM since its inception. The company retains a strong focus on safeguarding underground infrastructure and ensuring reliable services to its clientele, thereby contributing to the safety and efficiency of public utility systems.

About Tiger Infrastructure Partners

Tiger Infrastructure Partners stands at the forefront of transformative private equity, specializing in providing growth capital to infrastructure firms in the middle market. With a keen focus on sectors like digital infrastructure, energy transition, and transportation, the firm positions itself to capitalize on the pressing demand for new infrastructure in North America and Europe. Maintaining offices in both New York and London, Tiger aims to leverage global trends to drive growth for its portfolio companies.

About ELM Utility Services

As a trusted provider of utility locating services, ELM Utility Services holds a significant place in the utility sector of the United States. The company's mission is unwavering: to protect underground infrastructure while ensuring safe and dependable services for customers across the nation. With this new investment from Tiger Infrastructure, ELM is set to continue its vital role in fortifying the backbone of public utility services for years to come.