Corporate Finance

BKD advises Excel Utility Contractors on its sale to Revive Holdings

BKD said that Excel sought a capital advisor to explore a partnership that would 'enhance future growth opportunities' of its company and expand service offerings

BKD Capital Advisors (BKDCA) has revealed it has advised Excel Utility Contractors (Excel) on its sale to Revive Holdings, an affiliate of independent sponsor Sileo Capital, in partnership with Brightwood Capital Advisors and Mizzen Capital.

BKDCA served as the exclusive financial advisor to Excel.

Excel is a critical infrastructure services provider to commercial and government customers offering installation and maintenance services in the telecommunications, gas distribution, water main, service installation and utilities industries.

BKD said that Excel sought a capital advisor to explore a partnership that would “enhance future growth opportunities” of its company and expand service offerings.

The BKDCA team went to market and sourced potential buyers who had “relevant industry experience” as well as a “shared focus on customer service and offering high-quality services”.

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