Kelly Cable of New Mexico, Inc.

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Kelly Cable of New Mexico, Inc. - overview

Established

1987

Location

Albuquerque, NM, US

Primary Industry

Construction

About

Kelly Cable of New Mexico, Inc. provides utility infrastructure solutions, focusing on gas and power distribution as well as broadband services, primarily serving clients in New Mexico. Founded in 1987 and headquartered in Albuquerque, US, Kelly Cable specializes in utility infrastructure solutions. In July 2017, the company was acquired by Peak Utility Services Group, Inc.


, a portfolio company of CIVC Partners. There are no mentioned subsidiaries or pivots in business strategy. Kelly Cable specializes in providing a comprehensive suite of utility infrastructure solutions primarily focused on gas distribution, power distribution, and broadband services. Their core offerings include the installation and maintenance of gas pipelines, meters, and valves, which are essential for delivering natural gas to commercial, industrial, and residential clients throughout New Mexico, including major cities such as Albuquerque, Santa Fe, Roswell, and Las Cruces.


The company is also known for its advanced hydro excavation services, which utilize high-pressure water and vacuum technology to safely uncover underground utilities, minimizing risks associated with traditional mechanical digging methods. These services are designed to address the challenges associated with aging infrastructure, ensuring continuous and secure gas flow while incorporating modern materials and techniques. Kelly Cable’s clientele includes utility providers, municipalities, and private enterprises, with a strong emphasis on delivering reliable and efficient solutions tailored to the specific needs of both urban and rural communities. Kelly Cable generates revenue through direct contractual agreements with utility providers and municipalities, focusing largely on B2B transactions.


Their service agreements typically encompass a range of projects, such as new construction, maintenance, and repair of gas distribution systems, as well as emergency response services that are available 24/7. The company engages in ongoing contracts for the construction and management of critical infrastructure components, including valve and regulator stations, while also offering specialized services like hot-tapping and cathodic protection. Pricing for these services is structured around the scope and complexity of each project, which may vary based on the specific requirements of the clients. As a result, revenue is closely tied to the successful execution of these projects, ensuring that client needs are met efficiently and effectively.


Following the acquisition in July 2017, Kelly Cable of New Mexico, Inc. aims to leverage the resources of Peak Utility Services Group to enhance their service offerings. The company plans to expand its service portfolio and explore opportunities for entering new markets, particularly in the Southwestern US by 2025. Funding from the acquisition will be utilized to support these growth initiatives, focusing on improving infrastructure capabilities and expanding client relationships.


Current Investors

Peak Utility Services Group, Inc.

Primary Industry

Construction

Sub Industries

Engineering, Construction

Website

www.kellycorporation.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Kelly Cable of New Mexico, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedKelly Cable of New Mexico, Inc.-

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