MPE Partners and Delphi Infrastructure Group Acquire JMF Underground

Whats Happening:

MPE Partners and its portfolio company Delphi Infrastructure Group (DIG) have acquired JMF Underground, a provider of underground utility services in South-Central Pennsylvania and surrounding states. JMF specializes in horizontal directional drilling, boring, trenching, and excavation services for underground electrical and natural gas infrastructure repair and maintenance.

Key Moves:

• MPE Partners and DIG acquire JMF Underground

• JMF Underground joins DIG's portfolio of companies

• Expansion of DIG's underground infrastructure services

By The Numbers:

• MPE invests in companies with EBITDA between $8 million and $40 million

• JMF Underground offers services throughout the Eastern United States

• DIG now encompasses four operating brands

Key Quotes:

• "JMF Underground has become a leading provider of specialized underground solutions across the Mid-Atlantic and Eastern United States," - Mark Crowson, CEO of DIG

• "I am exceptionally proud of what the JMF team has built since being founded in 2008," - Joe Fisher, Founder and CEO of JMF

• "The addition of JMF Underground alongside Precision Pipeline, SabCon Underground, and Allegheny Contracting further establishes DIG as a scaled, leading provider of underground infrastructure services," - Lukas Sontich, Vice President at MPE

Bottom Line:

The acquisition of JMF Underground by MPE Partners and Delphi Infrastructure Group strengthens DIG's position in the underground utility services market. This move expands DIG's service offerings and geographic footprint, potentially leading to increased market share and revenue growth in the infrastructure services sector.

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