Intrepid Investment Bankers, a leading middle-market investment bank and the advisory arm of MUFG, a global financial group, announced today that it acted as the exclusive financial advisor to ELM Utility Services (“ELM”) on its transformational growth investment from Tiger Infrastructure Partners (“Tiger Infrastructure”).
ELM Utility Services – A Provider of Critical Infrastructure Services
Founded in 1998 by Lee C. Graves, ELM specializes in providing a range of utility services, including utility locating and leak detection, primarily serving leading gas, electric, and fiber utilities. With 1,400 technicians servicing over 3 million tickets per year across the country, ELM has built a strong reputation with utility customers as the trusted name in underground facility damage prevention, known for its exceptional quality and company culture.
“ELM has always been a quality provider for our customers, with a culture built on training and a deep understanding of utility facilities,” said Jim Bourazak, CEO of ELM Utility Services. “We look forward to continuing to raise the industry standard in damage prevention over the coming years.”
The Next Chapter
With Tiger Infrastructure’s support, ELM will continue to provide top-tier service to its existing customers, unlock new customers and geographies, and expand its offering of utility services. The partnership aligns seamlessly with Tiger Infrastructure’s mission of creating world-class, blue-chip infrastructure assets, companies, and platforms.
"ELM is a market leader with a reputation for operational excellence and a critical role in safeguarding our nation's infrastructure," said Emil Henry, Founder, CEO and CIO of Tiger Infrastructure Partners. "Underground utility infrastructure is growing every year, and utilities are increasingly focused on better service and better outcomes from their locating providers. We believe our transformational investment and business-building expertise will help accelerate ELM's rapid growth."
From the Client
“Intrepid’s guidance throughout our acquisition process was invaluable. Intrepid committed a strong team that worked with our management to oversee every detail and advise us on every key decision. They were with us every step of the way, from day one to closing. Their expertise, strategic approach, and unwavering commitment helped us navigate a robust process and secure the best possible outcome for ELM,” said Mr. Graves, Founder of ELM. “We are grateful for their partnership and dedication in helping us reach the next phase of growth.”
Intrepid’s Role in Facilitating ELM’s Partnership with Tiger Infrastructure
“It was a privilege to work alongside Lee and the ELM team throughout the process,” said Jeremiah Mann, Managing Director and Head of the Industrials & Business Services Group at Intrepid. “ELM has emerged as a truly differentiated service provider with a unique model, strong foundation and vision for growth. We are excited to watch how ELM continues to thrive with Tiger Infrastructure’s support in this next phase.”