GridSource, Inc.
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GridSource, Inc. - overview
Established
1979
Location
Baton Rouge, LA, US
Primary Industry
Construction
About
Founded in 1979 and based in Louisiana, US, GridSource, Inc. engages in providing utility construction and industrial services. Dusty Johnson is the founder of the company. In December 2022, Hastings Equity Partners invested in GridSource, Inc.
As of 2022, the firm’s clients include Lumen, CableOne, CenterPointEnergy, LSU, Cox, Atmos Energy, and others. The company offers services including horizontal directional drilling, utility construction, gas, and industrial services. Grid Source’s utility construction services include broadband networks, fibre optic cable construction, and natural gas distribution. The firm’s capabilities include aerial and underground cabling, horizontal directional drilling (HDD), fibre optic and coaxial cable splicing, activation, sweeping, certification, gas and water line trenching, and installation.
The organization plans to use the December 2022 investment for additional growth opportunities to further develop its project and construction management services.
Current Investors
Hastings Equity Partners
Primary Industry
Construction
Sub Industries
Consumer Services, Natural Gas Utilities, Construction, Telecoms Providers & Services, Fiber Optics
Website
www.gogridsource.com
Verticals
Infrastructure
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
GridSource, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | B Robinson Inc. | - | ||||||||
| Add-on | Completed | WiseConnect, Inc. | - | ||||||||
| Growth | Completed | GridSource, Inc. | - |
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