USIC Announces Strategic Acquisition of Heath Consultants' Gas Locating Business
INDIANAPOLIS--(BUSINESS WIRE)--USIC, LLC ('USIC'), a leader in underground utility damage prevention, has signed a definitive agreement to acquire substantially all of the public gas locating division of Heath Consultants, an industry leader in methane emissions management. This strategic move will enhance USIC's service offerings in the gas locating space, as it continues to expand the breadth of its portfolio.
The acquisition of this division will strengthen USIC's position in providing utilities with advanced gas locating services. USIC will offer these services to its customers and augment these capabilities with advanced infrastructure services, such as private locate, vacuum excavation, GIS mapping services, and cross-bore mitigation.
The integration is expected to create exciting opportunities for growth. The combined organization will be enabled by USIC's Locate360 digital platform, which uses advanced machine learning and AI tools to optimize services. By leveraging the combined expertise and resources of both organizations, USIC will be well-positioned to further improve its offerings, innovate its service delivery, and enhance customer value.
'We are excited to welcome the talented team and valued customers of Heath's locate business into the USIC family,' said Yuvbir Singh, CEO of USIC. 'Their commitment to safety and customer-centric approach aligns perfectly with USIC's core values. I am personally very optimistic about the opportunities this acquisition creates for us to learn from each other, enhance our capabilities, and deliver even greater value to our combined customer base.'
'We believe that our gas locate team will find a great home within USIC and will continue to grow with focus and investment going forward. Furthermore, this sale will enhance the safety and efficiency of the gas utility industry by fostering collaboration with partners committed to innovative solutions and forward-thinking approaches and allow Heath to focus on our core methane leak detection products and services,' said Drew Sitgreaves, CEO of Heath Consultants.
The terms of the acquisition were not disclosed. The transaction is expected to be completed by Q3 of 2025 and is subject to customary closing conditions.
About USIC
USIC is a leading provider of underground utility damage prevention services with more than 10,000 employees and operations in 48 states and corporate headquarters located in Indianapolis, Indiana. The company, which serves more than 1,400 telecommunications, electric, gas, water, and sewer utilities, as well as municipalities, performs over 80 million locates each year. Additionally, USIC provides a range of advanced infrastructure services performed by its affiliate companies, Blood Hound, Reconn Utility Services, and On Target Utility Services. USIC is jointly owned by Partners Group , acting on behalf of its clients, and Kohlberg. Partners Group originally invested in USIC in 2017 and partnered in November 2022 with a Kohlberg-led consortium, including funds managed by Mubadala and Neuberger Berman. For more information, visit usicllc.com.
About Heath Consultants
Heath Consultants Incorporated, a third-generation, family-owned business founded in 1933, is recognized as a pioneer in the methane leak detection industry. The company plays a pivotal role in shaping the utility-related methane detection sector as we know it today.
Heath designs, manufactures, and delivers a comprehensive portfolio of advanced methane detection technologies—each purpose-built to reduce environmental impact and safeguard public safety. Beyond cutting-edge products, Heath offers end-to-end methane leak detection and field services to the natural gas industry nationwide, powered by a skilled network of certified technicians. With strategically located service centers and sales support, Heath sets the standard in innovative methane emissions management solutions.
As a certified woman-owned business by the Women's Business Enterprise National Council (WBENC), Heath continues to lead with a commitment to innovation, safety, and environmental responsibility.
For more information about Heath's products and services, please visit www.heathus.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
12-06-2025
- Business Wire
USIC Announces Strategic Acquisition of Heath Consultants' Gas Locating Business
INDIANAPOLIS--(BUSINESS WIRE)--USIC, LLC ('USIC'), a leader in underground utility damage prevention, has signed a definitive agreement to acquire substantially all of the public gas locating division of Heath Consultants, an industry leader in methane emissions management. This strategic move will enhance USIC's service offerings in the gas locating space, as it continues to expand the breadth of its portfolio. The acquisition of this division will strengthen USIC's position in providing utilities with advanced gas locating services. USIC will offer these services to its customers and augment these capabilities with advanced infrastructure services, such as private locate, vacuum excavation, GIS mapping services, and cross-bore mitigation. The integration is expected to create exciting opportunities for growth. The combined organization will be enabled by USIC's Locate360 digital platform, which uses advanced machine learning and AI tools to optimize services. By leveraging the combined expertise and resources of both organizations, USIC will be well-positioned to further improve its offerings, innovate its service delivery, and enhance customer value. 'We are excited to welcome the talented team and valued customers of Heath's locate business into the USIC family,' said Yuvbir Singh, CEO of USIC. 'Their commitment to safety and customer-centric approach aligns perfectly with USIC's core values. I am personally very optimistic about the opportunities this acquisition creates for us to learn from each other, enhance our capabilities, and deliver even greater value to our combined customer base.' 'We believe that our gas locate team will find a great home within USIC and will continue to grow with focus and investment going forward. Furthermore, this sale will enhance the safety and efficiency of the gas utility industry by fostering collaboration with partners committed to innovative solutions and forward-thinking approaches and allow Heath to focus on our core methane leak detection products and services,' said Drew Sitgreaves, CEO of Heath Consultants. The terms of the acquisition were not disclosed. The transaction is expected to be completed by Q3 of 2025 and is subject to customary closing conditions. About USIC USIC is a leading provider of underground utility damage prevention services with more than 10,000 employees and operations in 48 states and corporate headquarters located in Indianapolis, Indiana. The company, which serves more than 1,400 telecommunications, electric, gas, water, and sewer utilities, as well as municipalities, performs over 80 million locates each year. Additionally, USIC provides a range of advanced infrastructure services performed by its affiliate companies, Blood Hound, Reconn Utility Services, and On Target Utility Services. USIC is jointly owned by Partners Group , acting on behalf of its clients, and Kohlberg. Partners Group originally invested in USIC in 2017 and partnered in November 2022 with a Kohlberg-led consortium, including funds managed by Mubadala and Neuberger Berman. For more information, visit About Heath Consultants Heath Consultants Incorporated, a third-generation, family-owned business founded in 1933, is recognized as a pioneer in the methane leak detection industry. The company plays a pivotal role in shaping the utility-related methane detection sector as we know it today. Heath designs, manufactures, and delivers a comprehensive portfolio of advanced methane detection technologies—each purpose-built to reduce environmental impact and safeguard public safety. Beyond cutting-edge products, Heath offers end-to-end methane leak detection and field services to the natural gas industry nationwide, powered by a skilled network of certified technicians. With strategically located service centers and sales support, Heath sets the standard in innovative methane emissions management solutions. As a certified woman-owned business by the Women's Business Enterprise National Council (WBENC), Heath continues to lead with a commitment to innovation, safety, and environmental responsibility. For more information about Heath's products and services, please visit
Yahoo
06-06-2025
- Yahoo
Circle IPO: President talks stablecoin network, bipartisan GENIUS Act
Circle Internet Group (CRCL) debuted on the New York Stock Exchange on Thursday, the stablecoin issuer's stock proceeding to skyrocket by over 150% ahead of the market close. Circle President Heath Tarbert joins the Market Domination team in speaking on the company's decision to go public, its growth outlook, and the bipartisan GENIUS Act stablecoin legislation working its way through the Senate. Hear Yahoo Finance explain what Circle does and who's looking to buy up shares at its IPO. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Well, stable coins in focus today. Circle, issuer of the stable coin USDC started trading today at $69 per share. It's after pricing its initial public offering at $31. For more, we're bringing in Heath Tarbert, president of Circle. Heath, welcome to the show. Congrats on the big day, Heath. You know, the company, as I understand it, it's been around some time. I think he founded it around, correct me if I'm wrong here, around 12 years ago. So why go public now, Heath? And what went into that decision? Well, that's exactly right. Circle's been around for a long time, and it's been our long-term goal and aim, and part of our strategy, to go public. As was said earlier, trust, transparency, and reliability is really key in this industry. And we're the world's largest regulated stable coin issuer. And so it was only natural that to raise the level of trust, transparency, and governance, we would go public, be listed on the New York Stock Exchange, and be held to those high standards. So that is why we are a public company, but in many ways, this is just the beginning. So talk to us about what's next then, I guess. We're seeing huge demand, we should say, for your shares in today's session. I know it was oversubscribed, the shares are going up quite a lot today. So there's a lot of excitement around this. But what is next? And talk to me about the profit profile of the company. How you guys make money on the stable coin business. Yeah, so we are, we are engaged in building the world's largest and most widely used stable coin network. And wherever there is regulation, we are seeking to have the highest level, to get the right licenses, because we really think that's going to be the differentiator. And so the more our stable coins are used throughout the world, the better it is for our network, and the network effects take place. And so we obviously have the network, uh, the amount of stable coins that we have in circulation, we have those reserves, invested in very high-quality liquid assets, but we also have a number of tech products and protocols that make us a far better network than some of our competitors out there. Uh, and so those come with fees and, and we're continuing to build out those revenue streams as well. But again, when we look at what we're offering compared to the traditional payment systems, it's not even comparison in terms of the amount and the cost to transfer things over the internet through blockchain protocols. Heath, I'm very curious to get your take on the Genius Act, which is making its way through the halls of power in DC, Heath. I'm just curious what you all at Circle make of that legislation. Are you positive on it? Uh, you got questions, are you skeptical? I'm curious to hear your take. Yeah, we're very positive on the legislation. We think it's probably the best piece of stable, sound stable coin regulation in the United States that we've seen, because in many ways it enshrines the Circle way of doing business. We were, we had one-to-one backing with high-quality liquid assets, transparency, as well as monthly attestations, uh, ever before it was required of us. So we set about building, again, the world's best stable coin in our view, and we asked ourselves what characteristics would that have. And the characteristics that the Genius Act would enshrine in law is essentially those characteristics that we imposed upon ourselves before anyone told us we had to. So we're very supportive of the legislation. We think it's, it's outstanding, and the fact that it has broad bipartisan support shows the importance that despite the partisanship that's going on in Washington and elsewhere, this is so important for the country that we move forward. Sign in to access your portfolio
Yahoo
29-05-2025
- Yahoo
Heath Riles BBQ Named Grand Champion at 2025 Memphis in May World Championship Barbecue Cooking Contest
Takes Top Honors in the Ribs Category for Third Time MEMPHIS, Tenn., May 28, 2025 /PRNewswire/ -- Heath Riles BBQ has claimed the pinnacle of competition barbecue, winning the 2025 Grand Champion title and first place in the Ribs category at the 47th annual Memphis in May World Championship Barbecue Cooking Contest—the largest and most prestigious barbecue competition in the United States. Held annually at Liberty Park in Memphis, TN, the Memphis in May competition is widely regarded as the "Super Bowl of Swine," drawing elite teams from around the globe. The contest features top competitors in categories such as Whole Hog, Shoulder, and Ribs. Judged by certified experts in both blind and on-site rounds, the competition is as fierce as it is flavorful. Heath Riles BBQ's impressive performance—topping the Ribs division for the third time in four years and earning its first overall Grand Champion title at the event—cements Riles' reputation as one of the top names in competition barbecue. "This win is a dream come true," said Heath Riles, award-winning pitmaster, founder of Heath Riles BBQ, and a veteran of the competition barbecue circuit. "Memphis in May is the toughest, most respected competition in the country. Taking home first in Ribs and being named Grand Champion is a huge honor and a testament to our team's dedication, passion, and hard work." Known for his bold flavors, meticulously developed rubs and sauces, and consistent competition success, Riles has built a national following among backyard grillers, competition teams, and professional chefs alike. This win marks a career-defining moment and underscores the quality and expertise behind the entire Heath Riles BBQ product line. For more information about Heath Riles BBQ—including award-winning products, recipes, and upcoming events—visit About Heath Riles BBQ Heath Riles BBQ is the creation of award-winning pitmaster Heath Riles, a competition barbecue veteran with more than 80 championship titles and multiple perfect scores to his name. What began in Ashland, Mississippi, at age 18 has evolved into a nationally recognized brand trusted by backyard cooks and professionals alike. Heath has been honored by the Memphis BBQ Network, Kansas City BBQ Society, and Steak Cookoff Association for his expertise across a range of cooking styles. In addition to his championship pedigree, Heath is the founder of a best-selling line of BBQ rubs, seasonings, sauces, glazes, marinades, and injections that deliver competition-level flavor in every bite. View original content to download multimedia: SOURCE Heath Riles BBQ Inicia sesión para acceder a tu portafolio
