Stake Center Locating Completes Recapitalization
Recapitalization at Stake Center Locating Intended to Accelerate Growth
Stake Center Locating, a provider of utility and fiber optic network locating services, announced that it has completed the recapitalization of the company’s capital structure. These resources will provide significant liquidity to accelerate Stake Center’s strong growth with current and new customers who desire the company’s specialty locating and damage prevention services, the company says. With this increase in financial flexibility, Stake Center Locating will also explore alternative avenues to growth, including acquisitions and new service lines.
The recapitalization comes one year after Stake Center Locating, Inc. and S&N Locating Services, LLC combined under the Stake Center Locating name to reflect the company’s exclusive focus on utility locating services. Stake Center offers coverage in 48 states.
Stake Center Locating is headquartered in Kernersville, NC, and is home to more than 700 employees and field personnel. Stake Center Locating completes more than 500,000 locate requests each month.