Horizon Underground, Inc.

Norco, California

Classification

Private

About

About

Horizon Underground, Inc. is a privately held infrastructure and utility contractor headquartered in Norco, California. The company focuses on underground utility construction across the Western U.S. The firm is licensed in California and Nevada (Class A/B general engineering contractor) Product & Service Line Breakdown: 1. Horizontal Directional Drilling (HDD) / Directional Boring - Trenchless installation of conduits, pipes, and cables across roads, rivers, and challenging terrains 2. Open Trench Construction (Open Cut Excavation) - Traditional trenching using backhoes or trenchers to install large-diameter pipelines or multiple conduits, with full-site prep and restoration 3. Hydro-Vacuum Excavation (Hydro-Excavation) - Non-destructive excavation utilizing pressurized water and powerful vacuum to expose utilities safely, even in frozen ground 4. Utility Service Locating & Verification - Detection of subsurface utilities using electronic locators, potholing, and conduit rodding/verifying for compliance and documentation 5. Conduit, Inner-Duct & Cable Installation - Placement of fiber, copper, coaxial, and inner duct systems within installed conduits 6. Micro-Trenching - Shallow trench cuts in pavement for high-density fiber or telecom installations 7. Utility Vault & Concrete Construction - Installation of utility vaults and related concrete structures as part of the underground system deployment 8. Saw-Cutting, Asphalt Restoration & Site Cleanup - Precision saw-cutting for trenches; asphalt patching and site restoration following construction 9. Project Management, Permitting & Route Planning - End-to-end services including estimation, scheduling, permit acquisition, route planning, and full project oversight 10. Turnkey Underground Infrastructure Projects - Full-service execution as prime contractor or subcontractor on utility infrastructure work, including telecom, energy, gas, solar, and railway systems

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private