Romanchuk & Co. Advises Yates Line Construction on Sale to GridTek Utility Services

SPRING, TX -- Romanchuk & Co., a boutique investment banking firm specializing in M&A advisory services, announces it recently advised Yates Line Construction, Inc., a Portland, Oregon-based provider of upgrade and maintenance services for overhead and underground electrical transmission and distribution systems for investor-owned utilities, regional co-ops, local municipalities and industrial customers, on its sale to GridTek Utility Services, a leading provider of electrical transmission and distribution maintenance, repair and upgrade services for utility and industrial customers, and a portfolio company of First Reserve.

Romanchuk & Co. served as the exclusive investment banking advisor to Yates Line Construction.

About Yates Line Construction

Yates Line Construction, founded in 2017, is a provider of upgrade and maintenance services for overhead and underground electrical transmission and distribution systems to investor-owned utilities, regional co-ops and local municipalities, throughout the Pacific Northwest. For more information, please visit their website at www.yateslineco.com.

About GridTek Utility Services

GridTek Utility Services (fka The Goldfield Corporation) is a leading provider of electrical transmission and distribution maintenance services engaged in the maintenance of electrical infrastructure for the utility industry and industrial customers. For more information about the Company, please visit the Company’s website at: https://gridtekus.com.

About First Reserve

First Reserve is a leading global private equity investment firm exclusively focused on energy. With 40 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised more than USD $32 billion of aggregate capital since inception. First Reserve has completed over 750 transactions (including platform investments and add-on acquisitions), creating several notable energy companies throughout the Firm’s history. Its portfolio companies have operated on six continents, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and associated infrastructure. Learn more at: www.firstreserve.com.

About Romanchuk & Co.

Romanchuk & Co. provides strategic advisory services to our clients across the middle market, including sourcing, initiating, structuring and negotiating mergers and acquisitions, raising capital, as well as providing valuation and restructuring services. We specialize in advising owners of privately-held businesses on the preparation and sale of their company, facilitating mergers and acquisitions, guiding companies through capital raises, and assisting in identifying and executing upon strategic opportunities. Learn more about our extensive utility and infrastructure services experience at www.romanchukco.com

Mr. Romanchuk is a Registered Representative of, and Securities Products offered through BA Securities, LLC, Member FINRA (www.finra.org) and SIPC (www.sipc.org). Romanchuk & Company, PLLC and BA Securities, LLC are separate and independent entities. Any testimonial or endorsement may not be representative of the experience of other customers and is no guarantee of future performance or success.