Vectren Corp. acquired Minnesota Limited, Inc., March 31, in a strategic move to grow its infrastructure services business segment, according to a press release. Minnesota Ltd. joins wholly-owned subsidiary Miller Pipeline based in
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“We believe this acquisition will allow our companies to work together to harness synergies and explore additional opportunities to better serve current and future market segments with a more comprehensive portfolio of services,” said Doug Banning, CEO of Miller Pipeline, who also oversees Vectren’s infrastructure services division and will lead the integration charge over the next several months. “Minnesota Ltd. and Miller Pipeline share a common history beginning as family–owned and operated companies and have built our successes around a culture that values employees, safety, quality, integrity and superior customer satisfaction. Remaining committed to these values, we believe we can provide the most thoughtful and comprehensive solutions to address critical infrastructure needs.”
Following the acquisition, Minnesota Ltd.’s management team is expected to remain in place as will its headquarters location. “We will create separate business units segmented by market and at the same time focus on streamlining our combined resources and keeping brand equity in tact,” said Banning.
“We’re looking forward to joining the Vectren and Miller Pipeline teams and believe our companies will complement one another in providing customers with expanded expertise in underground construction,” said Christopher Leines, CEO of Minnesota Ltd. “Furthermore, this partnership provides a platform for long-term success and growth for our companies and employees.”
About Miller Pipeline
Miller Pipeline is one of the nation’s premier contractors for natural gas, liquids, water and wastewater pipelines with more than 50 years of experience in the construction industry. Established as a private company in 1953, Miller Pipeline is now wholly owned by Vectren Corp. Miller Pipeline provides quality construction, maintenance and rehabilitation products and services to natural gas utilities, municipal water and wastewater utilities, pipelines and industrial customers throughout North America.
Vectren Corp. (NYSE: VVC) is an energy holding company headquartered in Evansville, Ind. Vectren’s energy delivery subsidiaries provide gas and/or electricity to more than one million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio. Vectren’s nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the