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Case Study

Financing the leveraged buyout of Precision Pipeline by MPE Partners

Precision Pipeline provides horizontal directional drilling and excavation services for the gas distribution, electric utility, water utility, and telecom end markets.

Case Study

Financing the leveraged buyout of Precision Pipeline by MPE Partners

Precision Pipeline provides horizontal directional drilling and excavation services for the gas distribution, electric utility, water utility, and telecom end markets.

At a Glance

Founded in 1997 with headquarters in Lancaster, Ohio, Precision Pipeline provides horizontal directional drilling and excavation services for the gas distribution, electric utility, water utility, and telecom end markets. With a core competency in completing complex projects, Precision Pipeline differentiates itself through its quality, breadth of services, and safety/environmental record.

In July 2023, Prudential Private Capital provided a senior secured credit facility to finance the leveraged buyout of Precision Pipeline by MPE Partners.

The investment is part of Prudential Private Capital’s Direct Lending strategy which provides relationship-focused debt capital for both sponsor-backed and management-owned businesses in the mid-market.

Relationship since 2023
Transaction details:
  • Revolving Credit Facility
  • Senior Term Loan
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