April 10, 2020 – Phoenix, AZ – United Right-of-Way (“URW”), a Phoenix, Arizona-based provider of comprehensive vegetation and landscape management services to government agencies, solar energy operators, railroads, and industrial companies, today announced an investment from Montage Partners, a people-first private equity firm located in Scottsdale, AZ.
While the transaction was initiated months prior, closing the investment during the COVID-19 pandemic is reflective of URW’s strong foundation and resilient business model driven by non-discretionary and essential maintenance services. With the investment complete, the company is now well-positioned for continued future growth.
Already operational in Arizona, California, Nevada, New York, and Texas, management plans to utilize the additional capital to expand URW’s footprint into more states across the U.S. With more than 40,000 acres serviced annually, URW provides herbicide management services to some of the largest utility-scale solar farms in the United States. Management plans to invest in more state-of-the-art equipment to further service utility-scale solar farms and to expand into other subsectors of the renewable energy industry.
“We are blessed to be in this position where we can be part of helping the economy bounce back, hiring new employees and expanding our services to critical industries and governments,” said Chris Testa, President and shareholder of URW. “Montage Partners has been a supportive and transparent partner throughout this process, and we look forward to growing our relationship with them as we move forward.”
“We were impressed with United Right-of-Way prior to COVID-19 and its ramifications, and we remain excited for the next phase of the company’s growth,” stated Rob Wolfman, co-Managing Partner at Montage Partners. “Management has assembled a talented team that is dedicated to providing the highest level of customer service while maintaining a strong commitment to safety. We’re proud to be partners and look forward to continuing the company’s success.”
The transaction closed April 10, 2020. Osborn Maledon, P.A., provided legal counsel to Montage Partners, and Burch & Cracchiolo, P.A. provided legal counsel to United Right-of-Way. CliftonLarsonAllen LLP provided financial due diligence advisory services to Montage Partners.
About United Right-of-Way
United Right-of-Way is a leading provider of comprehensive vegetation and landscape management services to government agencies, solar energy operators, railroads, and industrial companies. Since its founding in 1994, United Right-of-Way has delivered unrivalled quality and service to its long-standing customers. For more information, please visit www.unitedrightofway.com.
About Montage Partners
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million. For more information, please visit www.montagepartners.com.