Artera Services Announced as the New Name for PowerTeam Services

ATLANTA – August 4, 2020 – Artera Services (“Artera”) was announced today by PowerTeam Services LLC as the new company name. After the acquisition of Miller Pipeline and Minnesota Limited (collectively “MVerge”) in April of this year, the company looked to establish a new name that better reflects the diversity of their offerings and provides a platform for future growth, both organically and through future acquisitions.

“Artera is a name built for growth. It is a name that provides us with room to expand beyond our current offerings and continue to grow well into the future,” stated Brian Palmer, chief executive officer of Artera. “Artera is built upon the collective strengths of our operating companies. They are the face to our customers and the communities we serve, but together we are Artera.”

Utility companies across America rely on Artera’s expertise in order to maintain, repair, and build infrastructure, which allows for the reliable distribution and transmission of natural gas and electric power to homes, businesses, and communities. This is complimented by a wide range of municipal and specialty services, which help complete the job.

Headquartered in Atlanta, Georgia, Artera, and its operating companies (KS Energy Services, Miller Pipeline, Minnesota Limited, Southeast Connections, Volt Power, and Hydro-X) enable exceptional, mission-critical infrastructure in order to serve their customers and communities to build their tomorrow.

“We are excited to bring Artera to life and continue to demonstrate our core values of safety, quality, commitment, and reputation, in everything we do,” said Palmer. “While we may have a new name, we are still the same dedicated partner our customers have come to rely on, and we will continue to strive to be the best service provider in our industry.”

About Artera
Artera, headquartered in Atlanta, GA, is a $2 billion in revenue industry leading provider of integrated infrastructure services to natural gas and electric industries across 34 states. Artera employs more than 8,500 people throughout the United States. Its operating companies include KS Energy Services, Miller Pipeline, Minnesota Limited, Southeast Connections, Volt Power, and Hydro-X. For more information, visit www.artera.com.

Media Contacts
Laura Morrow | 317-460-2195 | laura.morrow@artera.com
Annette Busateri | 262-309-9838 | annette.busateri@artera.com

PowerTeam Services, LLC Completes Combination with Miller Pipeline and Minnesota Limited

Transaction creates one of the largest integrated infrastructure services providers to natural gas and electric industries in the United States

ATLANTA, April 09, 2020 – PowerTeam Services, LLC (“PowerTeam”) has completed the previously announced acquisition of Miller Pipeline and Minnesota Limited (collectively, “MVerge”) from CenterPoint Energy, Inc. (NYSE:CNP), effective today. With combined revenues of more than $2 billion, approximately 80 locations in 34 states, and more than 8,500 employees, this transaction creates a leading provider of maintenance and construction services for electric and natural gas infrastructure in the United States.

“We are excited to welcome Miller Pipeline and Minnesota Limited to the PowerTeam family. By bringing together two industry leaders, we aim to redefine the standard of safely and reliably serving our customers so that they can serve our communities,” said Brian Palmer, chief executive officer of PowerTeam. “Our shared values, starting with safety, will provide a strong foundation for our continued growth.”

Miller Pipeline and Minnesota Limited are two of the premier natural gas distribution and transmission pipeline contractors in the United States. “This combination will reinforce our commitment to our people and customers of being the best in the industry. We will continue to invest in our people and see significant benefits as a larger, stronger and growing combined company,” said Doug Banning, chief executive officer of MVerge.

Credit Suisse, UBS Investment Bank, and Harris Williams served as financial advisors to PowerTeam, and Debevoise & Plimpton LLP is serving as legal counsel to PowerTeam.

KS Energy Named one of the Top Private Based Companies

November 1, 2015 The Milwaukee Business Journal announced that KS Energy Services is the 34th largest private company in SE Wisconsin for the 2014 fiscal year. KS moved up 4 spots from #38 in 2013. KS Energy Services is a leading provider of services to the natural gas, electric and telecommunication industries. The company employs more than 1000 skilled crafts personnel with operating offices in Wisconsin, Illinois, Minnesota and Ohio.

KS Energy Named Future 50 Award Winner Again

October 31, 2015 The Future 50 Awards program celebrates the success of companies in Southeastern Wisconsin which are rapidly growing in both employment and revenue. For the 3rd consecutive year, KS has received this designation which is sponsored by BizTimes Media and the Metro Milwaukee Area Chamber of Commerce. KS Energy Services is a leading provider of natural gas, electric and telecommunication services throughout the Midwest. The company has more than 1000 skilled employees with operating offices in Wisconsin, Illinois, Minnesota and Ohio.

KS Energy Announces Expansion of Corporate Office

January 15, 2015- New Berlin, WI KS Energy Services announced a multimillion dollar remodel of their corporate offices. Construction started on January 4, 2015 and the project is expected to be completed by August 1, 2015. Dennis Klumb, Jr. President & CEO stated “this expansion of our corporate facilities is the result of the record growth we have experienced as a company the past 5 years and will allow us to upgrade the working environment for our employees.” KS Energy Services is a leading provider of construction services to the natural gas, electric and telecommunication industries. The company employs more than 950 employees and has offices in Wisconsin, Minnesota, Illinois and Ohio.

KS Energy Services Announces New Private Equity Partner

Dennis Klumb, Jr. President-CEO announced today that their current private equity partner, CIVC, has sold its share in PowerTeam Services to Kelso & Company. Mr. Klumb stated further that Kelso & Company is a larger private equity firm able to provide more capital and will merge PowerTeam Services with Power Holdings an existing Kelso portfolio company. Power Holdings performs overhead electric distribution, transmission and substation maintenance work and employs over 1,592 employees.

The combined company which includes KS Energy Services, Diversified Services, Distribution Construction, Southeast Connections and T&D Solutions will operate under the PowerTeam Services name with each operating company continuing to maintain its own name and operating autonomy. The combined company will service a contiguous 25-state region. Combined the companies will employ close to 3,000 people with revenue in excess of $500mm.

Dennis Klumb Jr., also stated that “all of the executive leadership team at each of the operating companies are remaining and will continue to have a significant investment and role in PowerTeam Services.”