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Miller Pipeline acquires North Carolina company

May 8, 2015

Indianapolis-based Miller Pipeline Corp. announced Friday that it has purchased North Carolina-based A & B Trenching Co Inc., marking the local company’s sixth acquisition in the past 10 years.
    
Terms of the deal, which closed Wednesday, were not disclosed.

Miller Pipeline, a natural gas distribution, transmission pipeline and utility contractor, now has a presence in 26 states, stretching from Florida to Indiana and from New Jersey to Kansas.

A & B, founded in 1985, employs about 200 people and has revenue of about $20 million per year. The specialty contractor serves utility companies in three states in the southeastern United States. A & B will take on the Miller Pipeline name.

Miller hasn’t made an acquisition since it purchased Illinois-based Elcon Pipeline Inc. in 2009. Before that, it made four acquisitions in a four-year period.

Founded in 1953, Miller Pipeline is owned by Evansville-based Vectren Corp.

Miller Pipeline and another Vectren subsidiary, Minnesota Limited LLC, make up the utility’s Infrastructure Services operations.

Those operations lost $2.6 million in the first quarter of 2015 on revenue of $177 million, an improvement over the $5.3 million they lost in the first period of 2014. Vectren said the inability of crews to complete work as planned because of the harsh winter weather has hurt results.
 

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