Acquisition Overview – November 2021

Nov 17, 2021

Transformative Acquisition Creates Full Service Infrastructure Services Provider

Transformative Acquisition

  • Acquisition of Front Line Power Construction, LLC (“Front Line”), a Houston-based full services electrical infrastructure service provider, providing construction, maintenance, and emergency response services for customers since 2010
  • The acquisition will be immediately accretive to earnings and cash flow and add significant scale to Orbital Energy Group (“OEG”or the “Company”)

Flexible Financing

  • Partnership with a consortium of Irradiant Partners, Angelo Gordon, and Barings to provide financing to support Front Line acquisition
  • $105 million of flexible financing designed to close strategic acquisition opportunity

Strategic Positioning

  • The acquisition of Front Line completes OEG’s transformation into a full services infrastructure service provider
  • More than 80% of revenue from power and telecom utility services


  • CEO Jim O’Neil (former CEO of Quanta Services) to continue to lead the Company
  • Kurt Johnson, CEO of Front Line, to remain in leadership position of Front Line post-acquisition