Kohlberg Acquires Half Stake in USIC at $4.1 Billion Valuation

Kohlberg & Co. is acquiring 50% of United States Infrastructure Corp. from investment firm Partners Group in a deal valuing the utility location service provider at $4.1 billion including debt.

The purchase of the stake by Kohlberg is being done alongside a new group of investors that includes funds managed by Neuberger Berman, according to a statement reviewed by Bloomberg News. Partners Group will retain a 50% investment in the overall business.

Founded in 2008, USIC provides more than 1,300 clients with outsourced services for locating, identifying and marking underground utility infrastructure such as pipes and cables. It has ...