May 04

CHICAGO, April 25, 2016 – CIVC Partners (CIVC) is pleased to announce the successful acquisition of Sitewise Corporation (Sitewise), which will be combined with Track Utilities (Track), an existing CIVC portfolio company. As part of the transaction, the Sitewise management team will continue to be significant shareholders and will be part of the combined senior management team going forward.

Track provides aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services to customers primarily in Idaho, Montana, Wyoming, Washington, and Oregon. Track is headquartered in Meridian, ID, with regional offices in Twin Falls, ID, Pocatello, ID, Idaho Falls, ID, Libby, MT, Seattle, WA, and Spokane, WA. For additional information about Track, visit www.trackutilitiesllc.com.

Sitewise provides compliance related operations and maintenance, re-construction and new construction services on natural gas infrastructure in Colorado. The Company is headquartered in Denver, CO, with additional offices in Frederick, CO, Henderson, CO, Fort Collins, CO, and Aurora, CO. For additional information about Sitewise, visit www.sitewisecorp.com.

The combination of Track and Sitewise creates a multi-disciplined utility services provider servicing the natural gas, electric power, and telecom end-markets. Together with Track, the combined platform has revenue of nearly $100M, approximately 600 employees, and operations across seven states running throughout the Pacific Northwest and Intermountain West. Sitewise adds a wide array of natural gas services and solutions to Track’s existing telecom and electric power capabilities, and provides end-market, customer, and geographic diversification.

“This is a terrific opportunity for us,” said Lee Wilkerson, President of Sitewise. “The new partnership with Track and CIVC gives us additional capital and resources, enabling Sitewise to expand our service offerings, better serve our customers, and support our growth.” Lee, as well as Jeff Sedillos (VP of Operations) and Myron Stadler (VP of Finance), will continue in their current roles at Sitewise, overseeing all aspects of the day-to-day operations. In addition, Lee and Jeff have joined the Board of Directors of the combined platform.

“Sitewise is a perfect complement to our business and significantly expands our capabilities, enabling us to better meet the long-term infrastructure requirements that are driving demand in the telecom, electric, and natural gas end-markets” said Jim Baumgardner, CEO and Chairman of Track. “Sitewise has a proven track record of success with an experienced management team. Like Track, they operate with strong core values

around ethics, safety, quality, and customer service. We are excited to collaborate with Sitewise’s management team to better serve our customer’s current and future needs.”

Track continues to look for best-in-class utility services companies in the telecom, electric power, and natural gas industries that would expand its geographic footprint and service capabilities. If you have an opportunity that might be an add-on acquisition candidate for Track, please contact John Compall (312-873-7315, jcompall@civc.com) or J.D. Wright (312-873-7384, jwright@civc.com).

About CIVC Partners, LP

CIVC Partners is a Chicago-based private equity firm established in 1970 that provides growth and buyout capital to middle-market companies and executives with a focus on the business services and financial services sectors. The current management team, which has worked together since 1989, has invested $1.5 billion in 58 platform investments and currently invests from CIVC Partners Fund IV and Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.


May 04

CENTURY LINK, SOLE PROVIDER CONTRACTOR, IDAHO:  In November of 2013, Track was honored to be awarded another three year contract with Century Link as their Sole Provider Contractor in Idaho.  We’ve appreciated our relationship with Century Link and look forward to continuing our relationship.

DUPUYER FTTP PROJECT, DUPUYER, MT., Track was awarded this 3 Rivers Communications fiber project in January of 2014 and will commence with construction as soon as the weather allows.

EUREKA 2013 FTTP UPGRADE, EUREKA, MT. Track started this 61 mile Fiber to the Premise project for Interbel Telephone Cooperative in May of 2013.   At approximately 90% completion going into winter, we’ll have it completed soon after the weather allows.


Sep 22

MERIDIAN, ID – Track Utilities LLC (the “Company” or “Track”) announced today James (“Jim”) Baumgardner has been appointed Chief Executive Officer effective September 15, 2014. Reporting to the Company’s Board of Directors, Mr. Baumgardner will be responsible for the overall performance of the Company.

“We are very excited to have Jim joining the Track Utilities team,” stated President and Founder Shane Mace, concluding “He brings an outstanding combination of financial, strategic, and business experience to the company. He will play a critical role as we continue to grow and scale our business.”

Mr. Mace will continue to be actively involved in developing the Company’s strategic plan, identifying acquisition targets, and expanding customer relationships. Both Mr. Mace and Mr. Baumgardner will serve on the Track Utilities LLC Board of Directors.

“I am very excited to join the Track Utilities team and believe the Company is uniquely positioned to capitalize on a range of growth opportunities which will allow it be one of the leading infrastructure services provider in the United States,” stated Mr. Baumgardner.

From 2009 to 2012, Mr. Baumgardner served in various roles including President, Chief Operating Officer and Chief Executive Officer with Boise-based US Ecology, Inc. From 1999 to 2006, Mr. Baumgardner served as US Ecology’s Chief Financial Officer. Mr. Baumgardner has previously held executive positions as Chief Financial Officer, Treasurer and Vice President with several other firms. Mr. Baumgardner holds an MBA and BS from Oregon State University where he was a two-time All American wrestler and is currently a member of the Oregon State University Athletic Hall of Fame.

Track provides mission-critical electric and telecommunications infrastructure services in the Northwest and Intermountain West through its skilled labor force of over 200 employees. Track has deep relationships with the major electric utilities and telecom providers in its territory and is unique in its ability to offer customers a full suite of aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services. The Company’s services include a variety of repair, maintenance, upgrade, and installation services supporting its customers’ on-going and new construction activities. Track is headquartered in Meridian, ID, with regional offices in Chubbuck, ID, Jerome, ID, Idaho Falls, ID, Libby, MT, and Garden City, KS. Track is owned in partnership with management by CIVC Partners, a Chicago-based private equity firm.


1

DROP US A LINE

We are the preeminent dry utilities contractor for Washington, Idaho, Montana, and Wyoming. Learn how we can keep your project on track.