TOKYO, Mar 11 (Pulse News Wire) – ORIX Corporation (8591.T) announced on March 10 (U.S. time) that it had entered into an agreement to sell its entire stake in IX PUSG Holdings, LLC, which holds shares in Peak Utility Services Group, to a special purpose company formed by Greenbelt Capital Partners.
The sale follows ORIX's initial investment in Peak Utility through its subsidiary OCP in 2018. Since then, ORIX has focused on enhancing Peak’s operations and growth strategies, leading to record-high sales figures in recent years. OCP concluded that Greenbelt would be the ideal partner for Peak’s future expansion due to its extensive private equity experience. IX PUSG Holdings, LLC was established in 2018 with a capital of.
As part of the transaction, ORIX will transfer its membership interest in IX PUSG Holdings, LLC to the special purpose company. The deal is subject to regulatory approval under Hart-Scott-Rodino antitrust laws. The impact on ORIX’s fiscal results for the 2026 and 2027 fiscal years is expected to be minor. The special purpose company, named Seahawk Buyer, LLC, is managed by Greenbelt Capital Partners and headquartered in Austin, Texas.
The holding company will continue to focus on shareholding activities post-acquisition.
🟢 Confidence: High AI-translated content.