Jackson Infrastructure Services Completes the Acquisition of Dave’s Construction, Inc.

West Jordan, UT – October 2023 – Jackson Infrastructure Services (“JIS” or the “Company”), a leading utility and infrastructure services provider to the telecommunications, power, gas, and other infrastructure markets across the Mountain West region of the U.S., announced that it has acquired Dave’s Construction, Inc. (“DCI”) of Sioux Falls, SD. DCI specializes in providing underground telecommunications and power distribution services for cooperatives and providers to rural communities across the Upper Midwest region. The combined companies will exceed 280 team members, including over 250 skilled field personnel with five branches operating across the Mountain West and Upper Midwest. The acquisition of DCI provides expansion within a strategic market segment and geography, further diversifies the Company’s customers, and adds considerable capacity to the Company’s field crews to service its customers’ growing demand.

“We are thrilled to welcome Dave, his brother Paul, and the DCI team to Jackson Infrastructure Services. DCI’s geographic footprint, its customers, and their strong reputation for delivering high quality craftsmanship align perfectly with JIS’s culture and what we stand for,” stated Bart Jackson, CEO of JIS. “We are very excited by the prospect of expanding with DCI’s substantial presence in the power infrastructure market, and this strategic acquisition will bolster our growth and expansion plans in a key geographic market for us.”

Dave Petersen, President of DCI added, “We are excited to join the Jackson Infrastructure Services team and believe this is the right next step in the journey for our family’s company and its people. This partnership provides us with the opportunity to further expand in our markets and with JIS’s existing operational infrastructure, we will be able to better serve our current customers as well as prospective customers. I developed a strong bond with Bart and KLH and am impressed with what we’re collectively building.“

In December 2020, KLH Capital partnered with Jackson Infrastructure Services to recapitalize and continue the growth path of the Company. “DCI is a great strategic and geographical fit for JIS. The acquisition partnership allows for meaningful expansion into a market and customer base that is asking for the expanded services we now can perform. We knew it was a good fit early on and are happy for Dave and Bart’s teams as we continue to support the expanding footprint and capabilities of the Company,” said Will Dowden, Managing Partner at KLH Capital.

For more information about this transaction, please contact Will Dowden (wdowden@klhcapital.com).

ABOUT JACKSON INFRASTRUCTURE SERVICES

Headquartered in West Jordan, UT, a suburb of Salt Lake City, Jackson Infrastructure Services is a leading utility and infrastructure service provider to the telecommunications, power, gas, milling, and other infrastructure markets across the Rocky Mountain and Midwest regions of the U.S. JIS was formed when KLH partnered with the owner of B. Jackson Construction and Engineering to recapitalize the business and certain affiliates. Since its founding in 1997, the company has cultivated relationships with top-tier telecom and utilities customers based on its award-winning excellence in project execution, outstanding safety record, and quality of work.

ABOUT DAVE’S CONSTRUCTION, INC.

Based in Sioux Falls, SD, DCI specializes in providing underground infrastructure services for commercial telecommunications and electric utility providers. As a key service provider in its geographic footprint, DCI has cultivated longstanding relationships with customers within its market, making it a go-to service provider for underground telecommunications and electric end-markets. Located in Sioux Falls, SD, since its founding in 1996, DCI has serviced the entire Upper Midwest region of the United States.