PLYMOUTH, Mich., September 29, 2011 – True North Equity, a private equity firm based in Plymouth, Mich., along with Chicago, Ill.-based CIVC Partners (CIVC), has acquired a controlling interest in Conyers, Ga.-headquartered Southeast Connections, LLC (SEC), the leading provider of outsourced maintenance, repair and installation services for blue-chip, natural gas utilities in the Southeast. SEC is the second business to join PowerTeam Services, LLC (PowerTeam), a multi-regional, utility services company. Jeff Wigginton, managing partner of True North Equity and COO of PowerTeam, made the announcement.
PowerTeam offers natural gas and electric utilities a wide array of services and solutions, helping utility providers to operate more efficiently and reliably. CIVC and True North Equity plan to invest significant additional equity capital over the next several years in this platform, continuing to grow the company’s service offerings and geographic footprint.Continue Reading