Houlihan Lokey Advises Power Survey Company

Houlihan Lokey is pleased to announce the sale of Power Survey Company (Power Survey), a leading utility services firm, to Osmose Utilities Services (Osmose), a portfolio company of EQT Infrastructure. The transaction closed on July 24, 2019.

Founded in 2006, Power Survey leverages unique mobile surveying technologies to detect contact voltage and identify faults in underlying utility infrastructure. The company's services improve the safety, reliability, and efficiency of the electrical distribution grid in a cost-efficient manner. Power Survey's proprietary electrical sensor technology is supported by a portfolio of patents, advanced data management systems, and a team of trained professionals delivering critical voltage detection services to blue-chip utility customers across North America and Europe.

Founded in 1934, Osmose is the market-leading provider of critical inspection, maintenance, and restoration services for utility and telecom infrastructure in North America. Osmose's services include wood pole inspection, treatment and restoration, steel structure inspection and rehabilitation, structural engineering services, and other ancillary services. Osmose employs approximately 3,600 people including 3,000 field employees across the country as well as professional engineers, corrosion experts, and software developers at its headquarters in Peachtree City, Georgia.

Houlihan Lokey served as the exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of Power Survey. This transaction highlights Houlihan Lokey's preeminent position and continued success advising and delivering outstanding results for clients in the utility services sector.