Front Line Power Construction Announces Strategic Investment from Ariel Alternatives
Front Line Power Construction, Rosharon, TX, a provider of electrical construction and power infrastructure solutions, was acquired by private investment firm Ariel Alternatives. Cherokee Nation Businesses will serve as a strategic minority co-investor.
The partnership positions Front Line to capitalize on the unprecedented demand for electrical grid improvements across Texas, driven by aging infrastructure, increases in weather-related events and growing reliance on outsourced operations and maintenance services due to industry-wide talent shortages. This marks Ariel Alternatives' second platform investment in the energy and utility services sector in six months. Terms of the transaction were not disclosed.
Located between Houston and Freeport, for the past 15 years, Front Line Power Construction has delivered comprehensive electrical construction services that serve utilities, telecommunications providers and industrial customers throughout the Houston metro area and surrounding counties, including Harris, Fort Bend, Montgomery, Brazoria and Galveston.
“As Texas and the Southwest region experience unprecedented demand for electrical infrastructure, we believe Front Line is well-positioned to help address today's challenges,” said Yue Bonnet, senior managing director and head of investments at Ariel Alternatives, in the press release. “This partnership allows us to support a company with extensive capabilities in specialized power construction services.”
Ariel Alternatives is a private asset management firm affiliated with Ariel Investments. The firm’s inaugural fund closed with $1.45 billion in committed capital from limited partners and co-investors and seeks to scale sustainable, market-leading businesses in high-growth sectors serving Fortune 500 enterprises. Ariel Alternatives pursues a demand-driven investment strategy, targeting businesses that are employers of choice with market-leading positions that can deliver meaningful innovation and value to customers.
