The Southeast Lineman Training Center in Trenton, Ga., plans to expand its campus to accommodate more students.
The expansion will help meet a demand for linemen, said FourBridges Capital Advisors, which represents business owners thinking about selling their company, making an acquisition or refinancing.
The center completed a recapitalization transaction to bring in an additional growth-oriented partner to fuel opportunities, according to a news release from FourBridges.
Established in 1999, the center is one of the largest lineworker training schools in the United States, training more than 1,000 linemen annually, the release said.
"We couldn't be more pleased to help (the center) achieve its objectives," Ralph Montgomery, FourBridges managing director, said in a statement.
FourBridges led the transaction on behalf of center owners David Powell, PJ Nardy and private equity firm Sovereign's Capital.
In 2020, Powell and Nardy partnered with private equity firm Sovereign's Capital to help unlock the growth potential of the center, the release said.
— Compiled by Mike Pare