Sier Capital Partners has successfully acquired a majority stake in Maspeth Supply, a prominent infrastructure service provider in New York City, leveraging strong market growth opportunities.

Information on the Target

Sier Capital Partners, under the leadership of experienced sponsor Kevin Ramsier, has successfully completed a majority acquisition of Maspeth Supply. This well-established company has been operating for over 40 years and specializes in essential services such as water main replacement, sewer repair, storm sewer construction, utility work, and street paving throughout New York City. Maspeth Supply benefits from a reputation of consistent profitability, a historically high backlog of work, and the advantage of a newly appointed CEO who has previously contributed to scaling the largest competitor in the industry.

Industry Overview in New York City

The infrastructure sector in New York City operates within a stringent regulatory framework and is critically important to the city's development and maintenance. With the city's aging infrastructure and increasing demands for service upgrades, companies like Maspeth Supply are positioned to benefit from ongoing investments in public works and urban development projects. This industry is expected to see significant growth due to the increasing population and urbanization trends, leading to greater needs for infrastructure development.

State and federal governments have recognized the importance of infrastructure investment, introducing various funding initiatives to support projects that ensure public safety and improve quality of life