At a Glance

Founded in 1997 with headquarters in Lancaster, Ohio, Precision Pipeline provides horizontal directional drilling and excavation services for the gas distribution, electric utility, water utility, and telecom end markets. With a core competency in completing complex projects, Precision Pipeline differentiates itself through its quality, breadth of services, and safety/environmental record.

In July 2023, PGIM Private Capital provided a senior secured credit facility to finance the leveraged buyout of Precision Pipeline by MPE Partners.

The investment is part of PGIM’s Direct Lending strategy which provides relationship-focused debt capital for both sponsor-backed and management-owned businesses in the mid-market.