Varnum represented Port Huron-based Xtreme Powerline Construction (Xtreme), a leading utility infrastructure construction company, in its recent sale of a majority interest to Aecon Utilities. The Varnum deal team included partners Pete Roth and Matt Maltz and associate Alex Monahan. Cascade Partners served as Xtreme’s exclusive financial advisor.
Founded in 2007, Xtreme is a full-service powerline constructor employing approximately 300 people. The company provides exceptional electrical contractor services across the U.S., specializing in overhead distribution line repair, maintenance, and expansion. Additionally, Xtreme offers emergency restoration services to over 20 utility clients nationwide.
This transaction allows Xtreme, which will continue to be led by Scott Sheldon as President, to accelerate growth by offering new services to existing customers, expanding their footprint and capabilities in new markets, strengthening customer relationships, and creating new opportunities for their team.
“The team at Varnum has provided Xtreme with excellent representation,” said Scott Sheldon. “This deal required quick thinking and shifting gears, both of which were managed expertly by the Varnum team.”