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generalutility.net

Founded Year

2008

Stage

Acquired | Acquired

About General Utility Construction

General Utility Construction, headquartered in Orlando, provides telecommunications maintenance and construction services such as coaxial and fiber optic cable installation, weather restoration, etc.

General Utility Construction Headquarter Location

11235 Satellite Blvd.

Orlando, Florida, 32837,

United States

407-438-8225

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Latest General Utility Construction News

Generational Equity Advises General Utility Construction in Sale to Young’s Communications

May 15, 2019

May 15, 2019 08:00 AM Eastern Daylight Time DALLAS--( BUSINESS WIRE )-- Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, General Utility Construction, Inc. (“GUCI”), to Y-COM Holdings, LLC , a portfolio company of Cotton Creek Capital. Founded in 2008, GUCI specializes in aerial and underground cable and fiber construction. The combination provides Y-COM with complementary service capabilities, increased scale, and a strengthened presence for customers throughout Florida. “GUCI’s reputation for quality and customer service aligns with the standard Y-COM has set over our 40+ years of serving clients,” said Steve Young, President of Y-COM. “We welcome the GUCI team to the Y-COM family and believe the combined entity’s commitment to exceptional quality and service, coupled with our expanded footprint, will greatly benefit our customer base.” Y-COM will now have nine operating locations in Florida, with statewide coverage and expanded capabilities to service its customers. Y-COM’s combined service offerings include aerial/underground fiber installation, fiber splicing, utilities infrastructure installation and maintenance, and intelligent transportation solutions (“ITS”). As part of the acquisition, GUCI will continue to be led by its current executive and operations team. Generational Equity Sr. Managing Director Terry Mackin with support from Vice President Mergers & Acquisitions Mark Galovic, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with General Utility Construction. “GUCI provided Cotton Creek with the opportunity to immediately add value to a recent platform acquisition in the space,” said Mackin. “It is an example of what we see time and time again in the private equity world and a perfect way for our clients to sell to a group that will fulfill the long term goals they both envision for the company.” About Generational Equity Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors , and DealForce are part of the Generational Group , which is headquartered in Dallas and is one of the leading M&A advisory firms in North America. With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management. The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room . About General Utility Construction, Inc. Founded in 2008, General Utility Construction, Inc. is a family-owned provider of telecommunications maintenance and construction services, headquartered in Orlando, Florida, with additional locations in Homosassa and Leesburg, Florida. The Company provides aerial and underground fiber installation and fiber splicing for customers throughout Florida. For more information, visit GUCI’s website at www.generalutility.net .

  • When was General Utility Construction founded?

    General Utility Construction was founded in 2008.

  • Where is General Utility Construction's headquarters?

    General Utility Construction's headquarters is located at 11235 Satellite Blvd., Orlando.

  • What is General Utility Construction's latest funding round?

    General Utility Construction's latest funding round is Acquired.

  • Who are the investors of General Utility Construction?

    Investors of General Utility Construction include Young's Communications.

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