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Pearce Services Partners with New Mountain Capital, Makes Acquisitions

By Ken Briodagh
April 27, 2020

Pearce Services, a provider of telecommunications infrastructure maintenance, repair, and engineering, recently announced that it has partnered with New Mountain Capital, an investment firm with more than $20 billion in assets under management. Pearce also announced in the same release that it has acquired MaxGen Energy Services and World Wind & Solar, both providers of repair and maintenance services for utility-scale renewable wind and solar assets and electric vehicle charging station infrastructure. Terms of the transactions were not disclosed.

The combined business will be known as Pearce Services and has more than 1,200 technicians and engineers with a nationwide footprint. MaxGen and WWS will also continue to operate their respective brands, for now, according to the release.

“We have been proactively investing in the infrastructure services sector for a number of years and identified Pearce, MaxGen, and WWS as industry-leading businesses with best-in-class capabilities and strong growth opportunities,” said Joe Walker, Director, New Mountain Capital. “We believe the combination positions Pearce to pursue major long-term growth opportunities including deployment of 5G, battery infrastructure, decarbonization, modernization of the electric power grid, and electrification of transportation. We plan to help Pearce grow rapidly both organically and through acquisition.”

“New Mountain is the ideal partner for Pearce as we enter our next stage of growth,” said Bret Forster, CEO, Pearce. “This is an exciting time in Pearce’s history, and we are confident that New Mountain’s proven track record of business building and supporting management teams will help us accelerate the business organically and become the employer and acquiror of choice in the industry. We look forward to our partnership and the benefits it will yield for our customers, employees, and industry partners.”

Lincoln International LLC acted as financial advisor to Pearce. Guggenheim Securities, LLC acted as financial advisor to MaxGen and WWS. MaxGen’s electric vehicle infrastructure design-build business was not included in the transaction.


Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

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