Sound Point Capital Management, LP (“Sound Point” or the “Firm”), a leading alternative credit manager, today announced that it served as Administrative Agent and Lead Arranger for a $575 million senior secured credit facility to support Greenbelt Capital Management L.P.’s (“Greenbelt” or “Greenbelt Capital Partners) acquisition of Peak Utility Services Group (“Peak” or the “Company”) from ORIX Capital Partners.
Headquartered in Broomfield, Colorado, Peak Utility Services Group is a leading provider of essential utility infrastructure services, offering maintenance, repair, and upgrade solutions that support the safety, reliability, and modernization of electric, gas, and telecommunications networks across the United States.
The transaction reflects continued demand for infrastructure-related services driven by grid modernization, system resiliency initiatives, and increasing energy and communications needs nationwide. Peak’s established platform and national footprint position the Company to support these long-term investment trends.
“We are pleased to partner with Greenbelt Capital Partners to support their acquisition of Peak, a leading platform operating in a critical and growing segment of the infrastructure services market,” said Andrew Eversfield, Co-Head of Direct Lending at Sound Point. “This investment highlights our ability to provide scaled, flexible capital solutions to leading sponsors and companies benefiting from durable, long-term demand drivers.”
Chris Murphy, Partner at Greenbelt Capital Partners, added, “Sound Point was a highly constructive partner throughout the process. Their ability to deliver certainty of execution and thoughtful structuring solutions were instrumental in completing the transaction, and we look forward to working together to support Peak’s continued growth.”
The financing underscores Sound Point’s continued focus on originating and leading private credit investments across resilient sectors in partnership with experienced sponsors.
About Sound Point Capital Management, LP
Sound Point Capital Management is a diversified alternative asset management firm with an expertise in credit. Based in New York City, with offices in London, Greenwich, West Palm Beach, and San Francisco, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms, and family offices. Sound Point’s strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending, and commercial real estate. Sound Point currently manages ~$45 billion in assets and was founded by Stephen J. Ketchum, who is the controlling shareholder. Stone Point Capital LLC principals, a third-party permanent capital fund managed by the Dyal Capital division of Blue Owl Capital Inc., and Assured Guaranty U.S. Holdings Inc. are strategic investors in the firm. For more information, please visit usdl.soundpointcap.com and www.soundpointcap.com.
About Greenbelt Capital Partners:
Greenbelt Capital Partners is a private equity firm with offices in Austin, TX and New York, NY. The firm focuses on investing in leading companies that are enabling the transition to a more resilient and electrified energy future. With over $3 billion in assets under management, Greenbelt aims to partner with exceptional management teams to drive growth and build lasting value across its portfolio. The senior team at Greenbelt has committed over $6 billion of equity capital across multiple portfolio companies and consummated over $80 billion of M&A and financings in over 280 transactions. For more information, visit www.greenbeltcapital.com.
About Peak Utility Services Group:
Peak Utility Services Group is an outsourced provider of maintenance, repair, and upgrade services for the utility sector, specializing in resiliency solutions that support critical energy infrastructure. The Company’s services enhance system integrity, support emissions reduction, and enable infrastructure modernization, helping utilities operate safely, reliably, and in compliance with regulatory requirements. Headquartered in Broomfield, Colorado, Peak employs approximately 2,800 full-time employees operating across 15 states.
General Legal Disclaimer and Material Risk Factors:
Provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. This information does not constitute investment, tax, or legal advice by Sound Point nor an opinion or recommendation regarding the appropriateness of any investment. Forward-looking statements are subject to risks and uncertainties, and actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Past performance is not indicative of future results. This material has been prepared for distribution in the United States. Unauthorized dissemination, distribution, disclosure or other use of the contents of this press release is strictly prohibited and may be unlawful.
The statements and opinions presented above are endorsements provided by a partner at Greenbelt Capital Partners. Greenbelt Capital Partners is not a client of Sound Point or an investor in private funds managed by Sound Point. Sound Point has not provided any cash or non-cash compensation for the use of these statements. Sound Point’s commercial relationship with Greenbelt Capital Partners creates a conflict of interest since the partner has an incentive to make positive statements about Sound Point and its experience to maintain the goodwill with Sound Point. These statements describe the partner’s experience with Sound Point and/or its supervised persons and may not be representative of the experience of others.
AUM figures provided are as of December 31, 2025 Firm-wide AUM does not include redemptions received or liquidations that may be in effect after September 30, 2025. Firm-wide AUM, where relevant, includes committed capital to discretionary draw-down vehicles that have not yet been drawn, entities that are not open to new investors and/or are in the process of winding down and represents the closed total commitment of all loans managed by Sound Point Commercial Real Estate Credit as of September 30, 2025, including inherited portfolios managed that were originated by another manager and assets attributable to a non-advisory client.
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