Gemspring-backed Key Line merges with Palouse Power
The merger creates a combined provider of electric distribution, transmission, substation, and communications infrastructure construction and maintenance, extending across Oregon and Washington.
Takeaways
- Palouse Power is a construction and maintenance services for electric distribution, transmission, substation, and communications infrastructure.
- Key Line is acquiring Palouse Power with backing from Gemspring Capital.
- The target serves electric utilities and communications infrastructure across Washington.
Key Line, a portfolio company of Gemspring Capital based in Roseburg, Oregon, and Palouse Power, headquartered in Quincy, Washington, have merged, uniting two providers of construction and maintenance services for electric distribution, transmission, substation, and communications infrastructure.
Both companies serve electric utilities and communications infrastructure customers across the Pacific Northwest.
The combination creates a larger field services platform that supports the construction and upkeep of critical electric and communications networks.
Key Line’s Oregon operations and Palouse’s Washington presence give the merged entity a broader regional footprint.
Gemspring Capital sponsored the transaction, which was announced.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.