Storti Quality Services

Private | Sale | Magnolia River

Provider of inspection, consulting and construction support services to electric and gas utility companies.

Case

Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to Storti Quality Services (“Storti” or the “Company”) on its sale to Magnolia River (“Magnolia”), a portfolio company of Warren Equity Partners (“Warren”).

August 2021
Storti Quality Services, LLC
Sale to Magnolia River, a portfolio company of Warren Equity Partners
Sector: Infrastructure
Delancey Street Partners served as the exclusive financial advisor to Storti Quality Services

Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to Storti Quality Services (“Storti” or the “Company”) on its sale to Magnolia River (“Magnolia”), a portfolio company of Warren Equity Partners (“Warren”).

About

August 2021
Storti Quality Services, LLC
Sale to Magnolia River, a portfolio company of Warren Equity Partners
Sector: Infrastructure
Delancey Street Partners served as the exclusive financial advisor to Storti Quality Services

Situation

Storti Quality Services is a provider of inspection, consulting and construction support services to electric and gas utility companies throughout the Northeast and Mid-Atlantic regions. The Company’s services include: gas and electric service line inspections for both new and existing construction; project management and planning for various gas, electrical, and safety projects; and GPS asset location, digital as-builting, and surveyor services. Storti was founded in 2004 and is based in Fort Washington, PA.

Founded in 2000 and based in Decatur, AL, Magnolia River Services provides inspection, engineering, GIS, and technology solutions for utility and natural gas pipeline infrastructure and operations. Utility, municipality, and industrial customers across the Southeast, Southwest, and Midwest rely on Magnolia for their pipeline replacement, deployment, and maintenance requirements. Magnolia River also offers a suite of proprietary technology solutions within its GeoCurrent business unit to empower utility and pipeline operators through value-based technology to reduce costs, make field work more efficient, and meet regulatory needs.

Warren Equity Partners is a private equity firm that invests in middle market operating companies primarily in North America.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Healthcare, Business & Technology Services, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

Result

The transaction was completed August 27, 2021.

To learn about our experience in Infrastructure, please click here.

For additional information about this transaction, please contact:

Additional

Information

The transaction was completed August 27, 2021.

To learn about our experience in Infrastructure, please click here.

For additional information about this transaction, please contact:

B. Andrew Schmucker

Managing Partner Phone: (484) 533 – 6313

B. Andrew Schmucker

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