- Combination enhances Artera’s leadership in gas distribution services with expanded presence in the Northeast U.S.
- Further strengthens Artera’s core focus on maintenance, repair and upgrade services for utility customers
Artera Services, LLC (“Artera”), one of the nation’s industry-leading providers of integrated infrastructure services to natural gas and electric industries, completed the previously announced acquisition of Feeney Utility Services Group (“FUSG”), comprised of Feeney Brothers Utility Services (“Feeney”) and DDS Companies (“DDS”). With this combination, Artera now exceeds more than $2.6 billion in annual revenue, employing more than 10,800 skilled professionals, with operations in 39 states across the United States.
“We welcome the FUSG team to the Artera family and we are excited to expand our core natural gas distribution capabilities into the Northeast market” stated Brian Palmer, CEO of Artera. “I look forward to working with this talented team and continuing to provide world-class service to our valued customers, with a continued focus on quality and safety.”
Brendan and Greg Feeney, founders of FUSG, and Sean Donohoe, President of DDS, will continue in their current roles and lead Artera’s operations in the northeastern U.S. “Joining the Artera team is a great fit for our organization,” mentioned Brendan Feeney, President, and Co-Founder. “I am enthusiastic for what’s next and how we can provide new opportunities for our team members, share resources, and build relationships to support our customers and the local communities where we work.”
Feeney Brothers Utility Services and DDS Companies will remain operating businesses within Artera, with primary operations based in Massachusetts and New York.
Bank of America, BNP Paribas, Harris Williams, and UBS served as financial advisors to Artera, and Debevoise & Plimpton LLP served as legal counsel to Artera. Lincoln International served as financial advisor to FUSG and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo served as legal counsel to FUSG.