LP First Capital has acquired REI Utility Services, a provider of joint-use management services to electric distribution co-operatives.
REI's services include joint-use management, pre-attachment contract management, field analysis, permitting, make-ready engineering, post-attachment pole audits, inspections, and ongoing regulatory support.
REI serves electric co-operatives in multiple states and aims to become a leading power utility services provider.
LP First Capital, a private equity firm, partnered with REI to build a power utility services platform, focusing on culture-first founders and management teams.