Gridco, Inc.
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Gridco, Inc. - overview
Established
2023
Location
Birmingham, AL, US
Primary Industry
Power & Utilities
About
Gridco, Inc. is a utility infrastructure service provider in the US, focusing on the construction and maintenance of power distribution and transmission systems for various utility clients across the Southeastern region. Co-founded by Brad Weaver(CEO) and Patrick Russo in 2023 and headquartered in Birmingham, US, Gridco, Inc. specializes in utility infrastructure services.
In December 2025, BayHawk Capital acquired a minority stake in Gridco, Inc. Gridco specializes in delivering comprehensive utility infrastructure services, focusing on distribution, transmission, substations, engineering, fiber, and restoration. Their core offerings include the construction and maintenance of overhead and underground systems, energized transmission reconductoring, and substation retrofitting. Gridco serves a diverse clientele, including investor-owned utilities, cooperatives, and municipal systems, primarily in the Southeastern United States, with active operations in Alabama, Georgia, Florida, Texas, and an expansion into the Carolinas and mid-Atlantic regions.
Gridco operates on a service-based revenue model, engaging primarily in business-to-business (B2B) transactions with utility companies. The company generates its revenue through contracts for infrastructure projects, maintenance services, and emergency restoration efforts. Pricing structures are established based on project scope and complexity, reflecting Gridco's technical precision and adherence to safety standards. Gridco, Inc.
aims to expand its service capacity and geographic reach. The company plans to introduce new products and services to enhance utility infrastructure by late 2025. Following the investment from BayHawk Capital in December 2025, Gridco will utilize this funding to support workforce development and meet the increasing demands of its utility clients.
Current Investors
BayHawk Capital
Primary Industry
Power & Utilities
Sub Industries
Electric Utilities, Construction
Website
www.gridcompany.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Gridco, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Gridco, Inc. | - |
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