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  1. CUS Sold To USIC

    Fund IV announces the sale of Consolidated Utility Services, Inc. (“CUS”).  CUS is an industry leading and geographically diversified provider of utility damage prevention process services and solutions, including underground utility locating and one-call management services.

    CUS was acquired in an all-cash transaction by United States Infrastructure Corporation (“USIC”), a portfolio company of OMERS Private Equity.  The transaction closed on July 29, 2011.

    Fund IV, in partnership with management, acquired CUS in March 2007.  During the subsequent four years, Parallel49 Equity worked aggressively with CUS to grow revenues and earnings through a combination of organic and acquisitive growth.  CUS completed six add-on acquisitions, and made a strategic capital investment to acquire a key technological asset.

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