One Equity Partners Invests in INTREN, L.L.C.

UNION, Ill., July 19, 2017 /PRNewswire/ -- Specialty utility contractor, INTREN, has announced that One Equity Partners (OEP) has become a minority investor in the company.  OEP is a middle market private equity firm focused on specialty contracting, industrial, healthcare, and technology markets worldwide. 

"It is because of our customers, who have asked us to continue that growth in order to meet their needs, that we are very pleased to welcome OEP as investors," said INTREN President Lance Rosenmayer. "This partnership will allow us to begin the next step of our nationwide growth plan. Securing this investment demonstrates confidence in INTREN and its ability to develop innovative solutions."

INTREN has reshaped the power and utility landscape, growing beyond the traditional business model.  As a leader in utility construction, the company has received numerous awards, outpacing the industry with advancements in safety, customer service, and strategic decision making.  Commenting on the investment, Chief Executive Officer Kelly Tomblin said: "This investment will accelerate our company's commercial growth, expand its expertise and ensure we continue to offer the safest and most effective solutions to our customers."

Loretta Rosenmayer, founder and majority owner of INTREN, will continue as Chairwoman of the Board.  Recently appointed CEO Kelly Tomblin joins the team to support the development, growth and expansion of the company. 

"INTREN is a premier utility specialty contractor in the U.S. with nearly three decades of experience working with the nation's largest utility providers," said Andrew Oliver, Managing Director of One Equity Partners.  "As the need for new transmission and distribution infrastructure continues to grow, INTREN's strong design, construction and management capabilities will help utilities meet their infrastructure needs."

As a nationally certified Woman Business Enterprise (WBE), INTREN has maintained its unwavering commitment to women and minorities acting as a strong voice for stewardship throughout the industry. 

Stifel served as the exclusive financial advisor to INTREN in the transaction and Katten Muchin Rosenman LLP served as INTREN's legal advisor and BDO USA, LLP as tax advisors. Lincoln International and Dechert LLP served as OEP's finance and legal advisors.

About INTREN
For 29 years, INTREN has been an innovative solution partner, dedicated to building and maintaining the infrastructure of the energy industry. The company's culture of stewardship guides INTREN to care for others' priorities as if they were their own. Through an unwavering commitment to safety, integrity, customer focus and employee empowerment, the company has succeeded in offering turnkey services to a long list of satisfied clients. As an industry leader, INTREN is proud to serve many of the country's foremost utility companies, private contractors and developers, municipalities and cooperatives. For more about INTREN, visit INTREN.com.

About One Equity Partners
One Equity Partners is a middle-market private equity firm focused on the specialty contracting, industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. One Equity is a trusted partner with a differentiated investment process, a broad and senior team, and an extensive track record generating long-term value for its partners. Since 2001, the firm has invested in more than 140 transactions worldwide. One Equity, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York and Chicago, and an advisory office in Frankfurt. For more information, please visit www.oneequity.com.

SOURCE INTREN

Related Links

http://www.INTREN.com