Market Research Report for Peak Utility Services Group

Company Overview

Peak Utility Services Group is a forefront entity in the utility services industry, headquartered in Broomfield, Colorado. Established in 2017, Peak Utility has quickly gained recognition for infrastructure solutions, focusing on safety and community impact. Its expertise covers natural gas distribution, pipeline construction, and telecommunications, offering comprehensive services such as maintenance, repair, upgrade, and installation. The company caters to essential markets including telecom, electric, and natural gas infrastructure, providing specialized solutions in power distribution, engineering, procurement, construction (EPC), and broadband restoration.

Leadership Team

Peak is driven by a leadership crew of seasoned professionals:

• Michael Lennon, CEO, focuses on driving growth with experience in private equity-backed utility firms, co-founding PrimeLine Utility Services and InfrastruX Group.

• Allan Lee, CFO, known for his excellent financial and operational expertise.

• James Carithers, COO, oversees environmental health, safety, operations, and strategic planning.

• Jack Story, CIO, deploys advanced business solutions and technology.

• Ryan Polk, General Counsel, has in-depth legal knowledge in construction and commercial disputes.

• Ray Sharma, Senior VP of HR, manages talent acquisition strategies aligning with organizational growth.

• Meiyi Sung, Corporate Controller, oversees the company’s financial health.

• Steve Trujillo, Director of Environmental Health & Safety, ensures occupational health and safety.

Recent Developments and Strategic Moves

In 2023, Peak announced a corporate realignment enhancing subsidiary operations, reflecting its commitment to integration and service excellence. Significant leadership changes include Michael Lennon's appointment as CEO in January 2024, succeeding Christopher Larocca who transitioned to the Board of Directors.

Financial Insights

Peak Utility operates with a strong financial structure, generating an annual revenue of about $253 million. Acquired by ORIX Capital Partners in 2018, the company follows a growth strategy through acquisitions, most notable being the March 2021 acquisition of Superior Pipeline Services, extending capabilities in telecom and natural gas.

Competitor Profiling

Direct Competitors

• Gregory Electric Co.: $15.7 million revenue, 60 employees, based in Columbia, SC offering electrical design and build services.

• Professional Restoration Services: Specialists in fire and water damage restoration in Denver, CO.

• Ludvik Electric Co.: $129.1 million revenue, 356 employees, focusing on large-scale electrical installations.

• ASI Construction LLC: Specializes in dam, hydroelectric, and renewable energy facility construction with $27.7 million revenue.

Additional Competitors

• Tower Electric Co.: $19 million revenue, flexible in electrical installations and emergency services.

Market Position

Positioned prominently within the utility services market, Peak Utility leverages robust revenue metrics and an extensive employee base. With competitive employee growth, the company supports expansive utility operations through its subsidiaries like Track Utilities, SiteWise, and Kelly Cable, enhancing its role as a leader in telecom, electrical, and gas infrastructure projects across the Pacific Northwest and Intermountain West regions.