Artera Services (“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 K.R. Swerdfeger Construction (“KRSC”). KRSC is a strong strategic fit for Artera, expanding its core gas distribution services into Colorado and New Mexico while strengthening its existing water and wastewater service offerings.
“Extending our footprint westward has been a strategic priority for Artera,” stated Brian Palmer, CEO of Artera. “With the addition of KRSC, we’ve found the right partner to add to the Artera family and we’re excited for the collective opportunities this creates for our businesses.”
KRSC will operate as a new Mountain region within Miller Pipeline, an Artera gas distribution business unit. Raymond Swerdfeger will continue to lead KRSC, reporting to Dale Anderson, President of Miller Pipeline.
“This is a great moment in our company’s history and I’m excited to partner with Dale to continue to grow Miller’s business in the west,” mentioned Swerdfeger. “Our team members are thrilled to be a part of a larger, growing company with new opportunities for career growth.”
Eversheds Sutherland and Debevoise & Plimpton served as legal counsel to Artera. FMI Capital Advisors served as financial advisor to KRSC. Foster Graham Milstein & Calisher served as legal counsel to KRSC.