Allegheny Contracting bought by MPE Partners, Precision Pipeline Services

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Ridgway, Pa.-based Allegheny Contracting LLC, a Department of Transportation-qualified pipeline and site work contractor, has new ownership.

Morgenthaler Private Equity (MPE) Partners and its portfolio company Precision Pipeline Services acquired Allegheny Contracting, which provides technical utility services for the natural gas end market in Pennsylvania and surrounding Mid-Atlantic and Midwest states. 

“I am exceptionally proud of what the entire Allegheny team has accomplished since the company’s founding over 25 years ago,” Brent Buehler, Allegheny Contracting founder and CEO, said Aug. 22. “Precision’s like-minded team, vision for growth, and track record in partnering with leading utility service providers will enable us to better serve customers as we embark on our next phase of growth.”

MPE and Precision partnered in the transaction with Buehler, as well as its management team. 

“Allegheny has established itself as one of the premier natural gas utility service providers in Pennsylvania and surrounding states,” said Precision CEO Mark Crowson. “Its success is a testament to the culture of safety and quality that Brent has instilled throughout the organization, and we look forward to partnering with the Allegheny team to support its continued success.”

Allegheny offers gas transmission pipeline integrity services, which consist of the repair and maintenance work resulting from regulatory-mandated and recurring inspections of gas transmission pipeline infrastructure, as well as the repair and replacement of underground gas distribution pipelines, according to the company.

“The combination of Allegheny and Precision, along with the prior acquisition of SabCon Underground, reaffirms our commitment to creating a leading provider of critical underground services to a diverse utility customer base,” said Constantine Elefter, a partner at MPE. “We welcome Brent and the Allegheny team to the organization.”

Churchill Asset Management and BMO Sponsor Finance provided financing to support the transaction, while Jones Day served as legal advisor to MPE. No other details of the deal were released.