Hoffman Southwest Corporation
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Hoffman Southwest Corporation - overview
Established
1947
Location
Mission Viejo, CA, US
Primary Industry
Power & Utilities
About
Hoffman Southwest Corporation is a leading provider of underground infrastructure solutions, specializing in utility locating and Subsurface Utility Engineering (SUE), focused on enhancing the safety and reliability of utility services. Founded in 1947, Hoffman Southwest Corporation is based in Mission Viejo, US. The company specializes in utility locating and SUE, operating across various geographical markets in the United States. In January 2017, Orix Corporation acquired Hoffman Southwest Corporation from Sterling Partners for an undisclosed amount, marking a significant transition in the company’s ownership.
Hoffman Southwest Corporation offers comprehensive underground infrastructure solutions through its National Underground Group, specializing in utility locating and Subsurface Utility Engineering (SUE). Their core services include accurate utility locating, SUE mapping, cross bore inspection, and Ground-Penetrating Radar (GPR). These services cater to critical use cases such as pipeline integrity and regulatory compliance, primarily serving sectors like gas, telecom/fiber, electrical, and water/wastewater utilities. The company provides tailored solutions for engineering firms, HDD contractors, and utility providers, promoting safety and operational efficiency.
Hoffman Southwest Corporation generates revenue through direct service contracts with utility providers and infrastructure firms, focusing on B2B transactions. The company utilizes a project-based pricing structure, where clients commission specific projects like utility locating or SUE investigations. Key services, especially utility locating and cross bore inspection, are integral to their revenue generation strategy, aligning with the operational requirements of their diverse clientele while ensuring compliance with regulatory standards. The company plans to leverage recent ownership changes to enhance its service offerings and expand its market presence.
While specific upcoming products or services were not disclosed, Hoffman Southwest Corporation aims to enter new geographic markets in the United States by 2025. The funding from the acquisition in January 2017 will support these initiatives, allowing the firm to tailor its services further to meet the unique needs of each sector.
Current Investors
ORIX
Primary Industry
Power & Utilities
Sub Industries
Engineering, Water & Sewer Utilities
Website
www.hswcorp.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Hoffman Southwest Corporation - 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, Trade Sale | Completed | Tri-State Utilities Company | - | ||||||||
| Add-on, Trade Sale | Completed | Pipevision LLC | - | ||||||||
| Add-on | Completed | Accumark | - | ||||||||
| Add-on | Completed | Tri-State Utilities Company | - | ||||||||
| Secondary Buyout | Completed | Hoffman Southwest Corporation | - |
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