Artera Services Acquires Ohio-based 1127 Construction Inc.
Artera Services has acquired the operating assets of Akron, Ohio-based 1127 Construction Inc. The deal expands Artera’s core gas distribution services in Northeast Ohio.
A family-owned company founded in 2005 by brothers Jeff, Nick and Joe Smith, 1127 provides natural gas distribution and related infrastructure services. The company has a workforce of 75 highly-trained construction professionals.
“We look forward to welcoming Jeff, Nick and the entire 1127 team to Artera,” said CEO Brian Palmer in an April 1 company statement. “Joining our current gas distribution operations in the area with 1127 is a great way for us to expand our footprint and service capabilities in the region.”
The acquisition will expand existing operations in the Ohio Region of Miller Pipeline, an Artera gas distribution business unit, and build on the core service offering of maintenance, replacement and upgrade (MRU) services.
“Miller and 1127 share a strong commitment to similar core values, which makes 1127 a natural fit for us,” said Dale Anderson, president of Miller Pipeline. “I know this combination will result in increased customer satisfaction with our core gas distribution service offerings and more opportunities for all our team members.”
Jeff and Nick Smith will continue to lead business operations and will be overseen by Jim Wilson, Miller Pipeline vice president of construction over the Ohio Region.
“When my brothers and I started 1127 back in 2005, we did so because we had a passion for the construction industry and wanted to build and improve our underground infrastructure,” said Jeff Smith. “We are exceedingly proud of our strong safety record and the relationships we have built over the last 17 years. Joining forces with a respected business like Miller Pipeline is the logical next step in that journey.”
Headquartered in Atlanta, Artera is one of the United States’ industry-leading providers of essential infrastructure services to the natural gas and electric industries, with $2.5 billion in revenue. Eversheds Sutherland served as legal counsel to Artera.
Tags: 1127 Construction Inc., Artera Services, gas distribution, mergers and acquisitions, Miller Pipeline
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