Precision Pipeline Solutions acquired by Sentinel Capital Partners
PPS is a specialty utility services provider that provides technical services to enable utilities to maintain and operate their natural gas and electric infrastructure.
Headquartered in Newburgh, NY, PPS’s technically qualified personnel provide a broad range of services, including inspecting, repairing, replacing, and maintaining natural gas and electric transmission, distribution, and generation systems, as well as providing specialized consulting and auditing services.
Michael Fabian, Sentinel VP said: “The energy infrastructure in the United States, particularly in older cities, such as those in the Northeast, where PPS operates, has a continuing need for the services provided by PPS. We believe this is a promising market in which to invest, and PPS is particularly well-positioned for growth.”
Precision Pipeline Solutions CEO Jon Salander added: “When I was looking for a partner to take PPS to market, I was seeking not only a firm that understood my business, but the best choice to place PPS in a superior financial position. My diligent search led me to Mark Sapsford.
“Mark’s standard of care, expertise and professionalism was the reason I decided to partner with him for this important endeavour. With Mark at the helm of our process and later negotiations, I had absolute confidence I was with the best. His guidance throughout the process and superior ability to negotiate the best deal in difficult times, proved my decision correct. I think Mark represented me exceptionally well and I know I am better off from meeting and working with such a professional.”