Miller Pipeline acquires North Carolina company

  • Comments
  • Print

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.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.