| Osmose Utilities Announces Acquisition of Provincial Pole Specialists, Inc.

Osmose Utilities Announces Acquisition of Provincial Pole Specialists, Inc. 

Osmose Utilities Services, Inc. (Osmose) announced today the acquisition of Provincial Pole Specialists, Inc. (PPSI) and its sister company  Central Pole Inspection and Maintenance, Inc. (CPIM).  Manitoba-based PPSI and Saskatchewan-based CPIM are collectively the largest utility pole maintenance providers in Canada.  PPSI and CPIM inspect and treat over 250,000 poles each year for central Canada’s major energy companies, and also provide pole reinforcement and a variety of other distribution line maintenance services throughout the country.   

“PPSI and CPIM are a natural fit with Osmose because we share common core values, a strong dedication to safety and a focus on operational excellence in the delivery of services which support the critical mission of our utility customers” said Cody Phipps, CEO of Osmose. “With PPSI and CPIM added to our team, we expect to extend Osmose’s digitally-enabled, data-driven asset management offerings for Canadian utilities – from pole inspection, pole restoration and foundation restorations to storm response, grounding, and padmount transformer inspection. Together, we’ll help bolster the structural resiliency and performance of Canada’s utility infrastructure.” 

“For more than 30 years, PPSI and CPIM have built a reputation for successfully completing challenging and complex projects on-time and within budget.  Osmose has long been the gold standard for quality and innovation in our field.  They bring a powerful breadth of products and solutions as well as technical depth and field excellence that will enable us to serve the Canadian utility marketplace in important, new ways,” said Tim Oickle, President of PPSI and CPIM. 

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About Osmose Utilities Services 

Founded in 1934, Osmose is the market-leading provider of critical inspection, mobile contact voltage testing, maintenance and restoration services for electric transmission, distribution and telecommunications utilities in the United States, Europe, Australia and New Zealand. Headquartered near Atlanta in Peachtree City, Georgia, the company employs more than 4,000 people. Osmose’s field technicians, professional engineers, wood scientists and corrosion experts utilize their expertise to identify and solve issues to make utility infrastructure safer, longer-lasting and more resilient while lowering the total cost of ownership. Osmose is a portfolio company of EQT Infrastructure. Learn more at https://www.osmose.com/