USIC

USIC is a leader in underground utility locating and damage prevention services, ensuring safe excavation while connecting communities to essential infrastructure like power, water, and communications. Founded in 2008, USIC operates from its headquarters in Indianapolis, US, specializing in underground utility locating services. The company has successfully completed 5 deals so far. In its latest funding round, a Secondary Buyout of USD 2050.

00 mn led by Kohlberg & Company, USIC raised a total of USD 2050. 00 mn, reflecting its growth trajectory. USIC specializes in underground utility locating and damage prevention services, ensuring the safe excavation and maintenance of essential infrastructure that connects communities to power, water, and communication services. The company's core offering is the accurate location and marking of underground utility lines, which mitigates the risk of damage during construction and excavation activities.

With over 80 million locates performed annually across the United States, USIC's services cater to a diverse client base, including construction companies, municipal governments, and utility providers. The company employs a workforce of over 10,000 trained technicians equipped with advanced technology to deliver these services effectively. USIC operates in various geographical markets across the United States, providing critical support to local communities through its nationwide network of technicians who are familiar with the specific utility landscapes in their regions. USIC generates revenue primarily through its utility locating services, which are structured around business-to-business transactions with clients such as construction firms and utility providers.

The pricing model accommodates varying project sizes, with costs determined by the volume and complexity of the locates requested. Each locate request translates into a fee based on the specific service rendered, contributing to a consistent revenue stream from frequent and repeat client engagements. Additionally, USIC offers emergency locating services 24/7, enhancing their service portfolio and revenue potential. The company’s vast experience and reputation in the industry position it as a preferred partner for clients needing reliable and efficient underground utility marking services.

Kohlberg & Company has exited its stake in USIC. In the coming months, USIC is focusing on expanding its service offerings and integrating advanced technologies into its operations to enhance efficiency. Plans are underway to enter new markets, particularly targeting the Southeastern and Northwestern regions of the United States by the end of 2024. The recent funding will be utilized to support these initiatives, ensuring USIC's continued growth and expansion.