Revive Infrastructure Group Acquires Assets of Darrah Contracting
Updated: Jan 31, 2022
ATLANTA--(BUSINESS WIRE)--Revive Infrastructure Group, a leading provider of critical infrastructure services, announced today that it has acquired the assets of Darrah Contracting in partnership with Sileo Capital and Brightwood Capital. Terms of the transaction were not disclosed.
“I am excited to join forces with Excel and to provide enhanced benefits and growth opportunities for Darrah’s employees.”
Headquartered in Pacific, Missouri, Darrah Contracting is a utility contractor providing directional boring, potholing and hydro excavating services across the Missouri utility infrastructure market.
“With this acquisition we are adding more than 25 experienced and talented managers and employees to the Revive and Excel team in Missouri. In addition, we are adding more than 50 pieces of valuable equipment that will be utilized to significantly expand our relationships with several strategic customers. Much of this work will be under master service agreements which will provide us with a higher percentage of revenue from recurring work.,” said Keith Record, President of Excel Utility Contractors.
“I have had a personal relationship with Keith for most of my life and I have known Excel as a formidable infrastructure services provider in the Missouri market for more than a decade,.” said Dustin Darrah, Co-Founder and President of Darrah Contracting. “I am excited to join forces with Excel and to provide enhanced benefits and growth opportunities for Darrah’s employees.”
This is Revive’s third acquisition since Sileo Capital formed the company as part of the acquisition of Excel Utility Contractors in July 2021.