Sound Point Capital Management, a leading alternative credit manager with approximately $45 billion in assets under management, has served as Administrative Agent and Lead Arranger for a $575 million senior secured credit facility to support Greenbelt Capital Partners’ acquisition of Peak Utility Services Group from ORIX Capital Partners.
Headquartered in Broomfield, Colorado, Peak Utility Services Group is a leading provider of essential utility infrastructure services offering maintenance, repair, and upgrade solutions that support the safety, reliability, and modernization of electric, gas, and telecommunications networks across the United States.
The company employs approximately 2,800 full-time employees operating across 15 states. Greenbelt Capital Partners is a private equity firm with offices in Austin and New York focused on companies enabling the transition to a more resilient and electrified energy future, with more than $3 billion in assets under management.
The transaction reflects continued institutional demand for infrastructure-related services driven by grid modernization, system resiliency initiatives, and increasing energy and communications needs across the country. Peak’s established platform and national footprint position the company to capture long-term investment trends in utility infrastructure as utilities face mounting pressure to modernize aging systems, improve resiliency against weather and other disruptions, and support the electrification of transportation, heating, and industrial processes. Sound Point’s Co-Head of Direct Lending Andrew Eversfield described the investment as highlighting the firm’s ability to provide scaled, flexible capital solutions to leading sponsors and companies benefiting from durable, long-term demand drivers.
Greenbelt Capital Partners partner Chris Murphy credited Sound Point with delivering certainty of execution and thoughtful structuring solutions throughout the process, describing the firm as a highly constructive partner. The financing underscores Sound Point’s continued focus on originating and leading private credit investments across resilient sectors in partnership with experienced sponsors. Sound Point is based in New York City with offices in London, Greenwich, West Palm Beach, and San Francisco, and manages money on behalf of institutional investors including pensions, foundations, insurance companies, and family offices.
Peak’s capabilities in utility infrastructure services — spanning maintenance, repair, upgrade, resiliency, emissions reduction, and regulatory compliance support for electric, gas, and telecommunications networks — align directly with the capital spending priorities of major utilities across the country as they navigate the energy transition and respond to increasing regulatory and reliability requirements.
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“We are pleased to partner with Greenbelt Capital Partners to support their acquisition of Peak, a leading platform operating in a critical and growing segment of the infrastructure services market. This investment highlights our ability to provide scaled, flexible capital solutions to leading sponsors and companies benefiting from durable, long-term demand drivers.”
Andrew Eversfield, Co-Head of Direct Lending, Sound Point Capital
“Sound Point was a highly constructive partner throughout the process. Their ability to deliver certainty of execution and thoughtful structuring solutions were instrumental in completing the transaction, and we look forward to working together to support Peak’s continued growth.”
Chris Murphy, Partner, Greenbelt Capital Partners
