Bengur Bryan & Co., Inc., arranged senior debt and preferred equity for 3E, LLC (the “Company”), a utility service provider, to support the Company’s acquisition of Diversified Utility Services and Player and Company.
3E, LLC (www.3einfrastructure.com) is a utility service provider that installs, inspects, maintains, and replaces critical infrastructure throughout the United States. The Company currently provides its services through multiple branded operating subsidiaries. 3E is a Minority Business Enterprise and a portfolio company of 35711, a private investment firm with holdings in the data center, technology, and infrastructure services industries.
“We were excited to partner with the Bengur Bryan team again to close these acquisitions,” said Jay Scherer, Principal at 35711. “The additions of Player and Company and Diversified Utility Services expand our existing utility operations with complementary products and services and increase our southeastern workforce allowing 3E to continue to meet growing customer demand with local resources. Founder and Chairman of 35711, Dale LeFebvre, said, “The integrity, values, and customer focus of Player and Diversified Utility Services make them a great fit within the 3E family. Bengur Bryan played a critical role in driving these deals to close, and we, again, benefited from their strategic insights and industry knowledge.”
Player and Company provides specialty electrical, piping, and construction services throughout the southeastern United States to Industrial, Utility and Aviation infrastructure markets. Founded in 1946, Player and Company is based outside Atlanta, GA, and is minority-owned.
Diversified Utility Services is a natural gas utility construction and maintenance provider, serving Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. Diversified Utility Services is a minority-owned business and based in Morrow, GA.
For more information on this transaction, please contact:
Scott Bass, Managing Director
Charles Bryan, Managing Director
Patrick Frazier, Senior Associate