August, 08 2022
SAM COMPANIES ACQUIRES LINEWISE AERIAL
Austin, Texas, August 8, 2022 – SAM Companies (“SAM” or the “Company”), a portfolio company of Peak Rock Capital, a leading middle market private investment firm, announced today that it has acquired Linewise Aerial (“Linewise”), a technology-enabled aerial inspection and mapping firm serving clients across the utilities sector.
Based in Calgary, Canada, Linewise combines ultra high-definition video aerial mapping technology with advanced inspection techniques to deliver comprehensive analysis to clients, including some of the largest electric utilities in the U.S. and Canada. SAM’s acquisition of Linewise advances its strategic growth plan, expanding the Company’s geographic footprint, aerial mapping and inspection capabilities, and specialized service to the utilities sector.
SAM and Linewise have a long history of technical collaboration and successful client deliveries. Both firms possess a vast image archive of electric transmission and distribution (“T&D”) components and anomalies. The combined T&D image library will bolster and accelerate SAM’s artificial intelligence and machine learning model development, enabling the Company to provide industry-leading predictive analytics for its customers.
“As we continue to expand our client solutions and geographic presence, we’re excited to welcome the Linewise team to the SAM family,” said SAM President and CEO, Chris Solomon. “Their deep experience providing advanced inspections to marquee electric utilities and their strong client relationships will further strengthen and grow our business. Further, we are excited to meaningfully advance our industry-leading predictive analytics, so we can better support our clients by ensuring the reliability and security of their networks.” Jordan Campbell, Managing Director of Peak Rock, added, “SAM is a clear technology leader, and this strategic acquisition furthers SAM’s ability to serve leading utilities clients across the United States and Canada. This transaction reflects Peak Rock’s commitment to investing in accelerated growth initiatives and strategic acquisitions, and we look forward to supporting the Company’s growth plan going forward.”
ABOUT SAM COMPANIES
SAM is a leading provider of critical data and insights serving utilities, transportation, and other infrastructure clients. As the most technically advanced professional geospatial and inspection services firm in North America, SAM uses industry leading methods and solutions to capture and analyze infrastructure and environmental conditions with unrivaled speed and accuracy, providing its partners with rapid insights that ensure the safety, sustainability, and reliability of critical infrastructure. The Company was founded in 1994 and is headquartered in Austin, Texas.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.