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Stock impact report

Greenbelt Capital Partners Agrees to Acquire Peak Utility Services Group from ORIX Capital Partners [Yahoo! Finance]

ORIX Corporation American Depositary Shares (IX) 
US:NYSE Investor Relations: orix.co.jp/grp/en/ir
Company Research Source: Yahoo! Finance
today that it has entered into a definitive agreement to acquire Peak Utility Services Group ("Peak" or the "Company"), a premier provider of essential utility infrastructure services, from ORIX Capital Partners ("OCP"), the private equity arm of ORIX Corporation USA ("ORIX USA"). Terms of the transaction were not disclosed. Peak serves as a critical partner to the nation's leading utilities, providing a comprehensive suite of maintenance, repair, and upgrade services that ensure the safety and reliability of the country's electric, gas, and telecommunications networks. From modernizing aging electric distribution systems and enhancing gas pipeline integrity to deploying communications infrastructure that supports a more digitalized grid, Peak's work helps support the continued evolution of the U.S. energy landscape. Driven by the need to address the nation's aging grid infrastructure and rising electricity demand, utilities are committing record levels of programmatic capital to ma Show less Read more
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