We are advising Asplundh Tree Expert on the acquisition

Davis Polk is advising Asplundh Tree Expert, LLC, on its acquisition of Voltyx Energy Solutions, pursuant to an agreement with Arcline Investment Management LP and Industrial Growth Partners V, L.P.

Asplundh Tree Expert is a family-owned and managed company headquartered just outside of Philadelphia in Willow Grove, Pennsylvania. Its One Asplundh approach provides a single point of contact to an extensive range of vegetation management, engineering and utility infrastructure services to utilities municipalities and other commercial and industrial customers. Asplundh employs approximately 36,000 throughout the United States, Canada, Australia and New Zealand.

Voltyx is an integrated power solutions provider that has served the electrical grid for more than 40 years and is united at the core by providing exceptional testing, engineering, maintenance, grid equipment and cyber security services. Voltyx is the holding company of five operating companies – EPS, NASS, EPST, TLS, and NOMOS – and is based in Nashville, Tennessee.

Arcline is a private equity firm with $8.9 billion in cumulative capital commitments. Arcline seeks to invest in technology driven, meaningful to the world industrial businesses that enable a better future. Arcline was founded in 2018 and is based in Nashville, Tennessee.

The Davis Polk corporate team includes partners John D. Amorosi and Harold Birnbaum and associates Jack Gordge, Jonah Leider and Jon Rosen. Partner Jack Orford and associate Zoe Chen are providing corporate finance advice. Partner David H. Schnabel is providing tax advice. Partner Adam Kaminsky is providing executive compensation advice. Partner Frank J. Azzopardi is providing intellectual property advice. Members of the Davis Polk team are based in the New York, London and Washington DC offices. 

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