An affiliate of Peak Rock Capital announced the sale of SAM Companies to New Mountain Capital. Financial terms of the transaction were not disclosed.
SAM is a provider of geospatial and inspection services to utility and critical infrastructure customers across North America.
The company provides end-to-end services across the critical infrastructure lifecycle.
SAM equips customers with actionable geospatial intelligence to optimize asset performance and support regulatory compliance for private and government customers.
Peak Rock acquired SAM in 2021.
During Peak Rock’s ownership, SAM more than doubled revenue, expanded its technology offering, and added 25 offices.
Peak Rock also supported SAM’s geographic expansion, service offering growth, and acquisition strategy.
SAM completed 19 acquisitions during Peak Rock’s ownership.
The company also expanded customer relationships with 20 of the top 25 utilities in the United States.
Peak Rock said SAM has benefited from secular tailwinds tied to electrification, grid resiliency, modernization, and artificial intelligence.
SAM was founded in 1994 and is headquartered in Austin, Texas.
The company serves utilities, transportation, and infrastructure-focused clients.
SAM uses advanced scientific methods to capture and analyze infrastructure and environmental conditions.
The company’s Managed Geospatial Services framework is designed to transform complex spatial data into insights that support critical infrastructure decision-making.
Support: Guggenheim Securities and Houlihan Lokey acted as financial advisors on the transaction. Kirkland & Ellis served as legal advisor to the company.
KEY QUOTES:
“We are proud of the transformational growth SAM has achieved over the course of our ownership, including the significant expansion of its utility customer relationships that positions the Company for continued growth for many years to come.”
Jordan Campbell, Senior Managing Director of Peak Rock
“SAM is capitalizing on powerful secular tailwinds in electrification as grid resiliency, modernization, and artificial intelligence require significant investment from the largest utilities in the United States. During our ownership, SAM transformed into an industry leader with unique technical and AI capabilities, which will continue to support its work with the largest operators in the utilities and critical infrastructure industries.”
Dave Alter, Managing Director of Peak Rock
“Peak Rock has been an exceptional partner for SAM. Under Peak Rock’s ownership, SAM has achieved transformational growth due to significant investment in our people and technology, as well as our aggressive acquisition strategy targeting high-growth businesses that expand the Company’s services, customer relationships, and geographic reach.”
Chris Solomon, CEO of SAM
“This transaction is another example of Peak Rock’s track record of successfully supporting critical infrastructure businesses with significant organic and acquisition growth potential. We look forward to continuing to partner with similar businesses in the future that can benefit from our capabilities to achieve transformational outcomes.”
Anthony DiSimone, CEO of Peak Rock
