PowerGrid Services, LLC.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
PowerGrid Services, LLC. - overview
Established
2016
Location
Hartselle, AL, US
Primary Industry
Power & Utilities
About
PowerGrid Services, LLC. is a U. S. -based company dedicated to enhancing the utility sector by providing specialized services for electric grid management and maintenance, ensuring reliability and safety in infrastructure.
PowerGrid Services, LLC. , founded in 2016, operates from Hartselle, US, focusing on the utility industry. The company has engaged in three deals to date, with the most recent deal occurring on May 13, 2025, when Apollo Global Management acquired a majority stake from The Sterling Group, furthering their operational capacity. PowerGrid Services specializes in delivering comprehensive solutions for the utility industry, primarily focusing on enhancing and safeguarding the electrical grid infrastructure.
Core offerings include transmission and distribution management, vegetation management, and substation maintenance, addressing challenges faced by utility providers and ensuring system reliability. Their clientele ranges from utility companies to municipalities across the Southeastern and Midwestern U. S. , underscoring their commitment to providing uninterrupted electricity access to residential and commercial consumers.
PowerGrid Services operates under a business-to-business model, generating revenue through contracts with utility providers and municipalities. This structured pricing approach includes multi-year service agreements and project-based contracts, fostering long-term partnerships that enhance revenue stability. Their financial framework is bolstered by critical services such as safety training programs and vegetation management solutions, ensuring compliance and reliability for end users. In May 2025, PowerGrid Services will leverage the recent acquisition by Apollo Global Management to accelerate its growth initiatives.
The company aims to expand its service offerings and explore new markets, particularly in the Northeastern U. S. The strategic acquisition will facilitate the design and launch of innovative products tailored to the evolving needs of the utility sector, enhancing their operational footprint.
Current Investors
Warren Equity Partners
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services, Electric Utilities
Website
www.powergridservices.com/
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
PowerGrid Services, LLC. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | PowerGrid Services, LLC. | - | ||||||||
| Secondary Buyout | Completed | PowerGrid Services, LLC. | - | ||||||||
| Growth | Completed | PowerGrid Services, LLC. | - |
Displaying 1 - 3 of 3

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.