The engineering and construction folks that underlie the expansion of all the infrastructure we use tend to operate behind the curtains, but there are expansion and consolidation stories there too. Today one of those companies, New Jersey-based Hylan, made a significant move to expand its presence out in the Midwest with the acquisition of the utility field services units of Tetra Tech.
Hylan is buying both Western Utility, whose home turf is centered on the Midwestern hub of Chicago, and Tetra Tech Utility Construction, which operates in Phoenix, Sacramento, and southern California. Details of the deal were not disclosed, but it closed over the past weekend. The purchase follows similar M&A moves to acquire Down Under Construction in Washington DC and northern Virginia and Arcturus Telecom in Texas. Like those, Western Utility will continue as an independent unit under its current brand, while Tetra Tech Utility Construction has been rebranded as Hylan West.
Hylan also made two organic moves last month, opening new facilities not far from my own turf in the suburbs of Philadelphia and a bit further south near Baltimore. I'd be very surprised if Hylan didn't have additional expansion targets on its list, whether via organic or inorganic means. Seems like a node in the southeast, probably Atlanta but maybe Charlotte, would be a logical place to look next.
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