Peak Underground, an Underground Utility Platform, Announces Investment in Utility Asset Management, Inc.
Peak Underground, an Underground Utility Platform, Announces Investment in Utility Asset Management, Inc.
MARYLAND, July 2026 – Peak Underground, an underground utility platform backed by FVLCRUM Funds and Crescent Peak Partners, has announced its strategic investment in Utility Asset Management.
Headquartered in Perry, GA, Utility Asset Management (UAM) is an infrastructure services company founded and operated by Ms. Anita Clyne. UAM that provides inspection, maintenance, rehabilitation, and repair solutions for stormwater, wastewater, water, and transportation-related assets. The company serves municipalities, counties, state agencies, utilities, engineering firms, and other public-sector customers throughout the Southeast, with capabilities that include culvert rehabilitation, trenchless pipeline rehabilitation, stormwater system repair, coatings and linings, and related infrastructure maintenance services. UAM has developed long-standing customer relationships through its focus on helping public agencies maintain and extend the useful life of critical infrastructure assets. Ms. Clyne will remain with the business following the transaction, providing continuity in customer relationships, operational oversight, and project execution while supporting the company’s ongoing growth and service delivery.
"We are thrilled to partner with Anita and the UAM team,” said Andre Castillo, lead Partner at FVLCRUM Funds on the deal. “We’re excited to support the company's continued growth while maintaining the high level of service their customers have come to expect."
“Having Anita and her team on the Peak Underground platform alongside Federal EC and Cinch represents a huge win for all three businesses, all employees, and the communities we serve,” said Ross Emory, Partner at Crescent Peak. “This partnership will provide a more holistic offering to customers across the Southeast.”
Peak Underground is an underground utility platform in the Southeast comprised of three businesses; Federal EC, LLC (Woodstock, Georgia), a trenchless infrastructure and utility contractor specializing in pipe inspection, rehabilitation, and underground utility construction for municipal, industrial, commercial, and federal clients; Cinch Underground, Inc. (Chipley, FL), an underground utility contractor providing horizontal directional drilling and trenchless installation services for water, sewer, electric, gas, and telecommunications infrastructure; and now Utility Asset Management.
Backed by experienced engineers, certified technicians, and a strong focus on safety, ethics, and minimally disruptive solutions, Peak Underground is recognized for delivering innovative approaches to complex underground infrastructure challenges across the Greater Atlanta area, northern Florida, Charlotte, and surrounding markets.
Located in Charlotte, North Carolina, Crescent Peak is a private investment and holding company that partners with family-owned and privately held businesses to accelerate growth and long-term value creation. The firm focuses on acquiring and supporting lower-middle-market companies across industries such as infrastructure services, manufacturing, A&D, business services, and cybersecurity. With a hands-on, operator-led approach, Crescent Peak works closely with portfolio companies to strengthen operations, drive strategic expansion, and preserve legacy while scaling performance. Its mission centers on building enduring businesses through thoughtful capital investment and active support.
Located in Bethesda, Maryland, FVLCRUM Funds is a growth-oriented private equity firm that invests in lower middle-market companies with the goal of generating strong returns while expanding access to opportunity in underserved communities. FVLCRUM takes a capital markets-driven approach to addressing structural gaps in the U.S. economy, pairing disciplined investment strategies with a focus on long-term, sustainable impact. Through its partnerships with management teams, FVLCRUM seeks to scale businesses in a way that aligns financial performance with meaningful social and economic value creation.
