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  • Writer's pictureBusiness Wire

Sileo Capital Acquires Excel Utility Contractors

Updated: Feb 1, 2022

ATLANTA--(BUSINESS WIRE)--Sileo Capital (Si-lay-oh), an independent sponsor based in Atlanta, announced today that its affiliate, Revive Holdings, has acquired Excel Utility Contractors in partnership with Brightwood Capital Advisors and Mizzen Capital. Terms of the transaction were not disclosed.

Headquartered in Villa Ridge, Missouri, Excel is a critical infrastructure services provider offering project management, construction, installation, and maintenance services to commercial and government customers in the telecommunication, water/wastewater and power industries.

“We are thrilled to be partnering with Excel, whose reputation for safely providing quality work for its customers is evidenced by its tremendous growth for more than a decade. Excel’s essential services are enabling better internet connectivity, including in rural areas of the United States, facilitating the upgrade of aged water and wastewater systems, and aiding in the expansion of modern power distribution networks,” said Jake LaJoie, Managing Member and Co-Founder of Sileo.

“This transaction demonstrates Sileo’s approach of only focusing on industries where we have a history of investing and operating. We partner with great companies, owners, management teams and capital providers, align the interests of all parties, and then deploy a full suite of resources to execute our value enhancement plan and deliver attractive risk-adjusted returns,” said Chad Magee, Managing Member and Co-Founder of Sileo.

“In the Sileo team we have found a true partnership with investors and operators who understand our industry and our business and who value our customer relationships and our dedicated employees. With this partnership, Excel will be better able to provide safe, quality service for existing and new customers and enhanced benefits and growth opportunities for our employees,” said Keith Record, Founder and Chief Executive Officer of Excel.

Frisch Capital Partners served as placement agent and McGuireWoods LLP served as legal counsel to Sileo and Revive Holdings.

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