An undisclosed buyer acquired GridTek Utility Services from First Reserve Fund XIV, L.P., a fund managed by First Reserve Management, L.P. on June 11, 2024. First Reserve recently advanced bidder into a second round of an auction for GridTek Utility Services, as previously reported. Matt White of Harris Williams served as financial advisor for GridTek to First Reserve; and Michael T. Holick, Felicity Bell, Jacob Kornman, Luca Tomasi, Larry Moss, Alisa Tschorke, Yifan Cao, Andrew Purcell, Edward Grais, Eli Isak, Anita Wu, Lori Lesser, Kate Mirino, Celeste Fleetwood, and Dennis Loiacono of Simpson Thacher & Bartlett LLP served as legal counsel for GridTek.

An undisclosed buyer completed the acquisition of GridTek Utility Services from First Reserve Fund XIV, L.P., a fund managed by First Reserve Management, L.P. on June 11, 2024.