AUSTIN, Texas — Evolution Strategy Partners (“Evolution”), a leading lower middle market private equity firm focused on partnering with founder-owned businesses in evolutionary growth stages, today announced a strategic partnership with Performance Cabling Technologies (“PCT” or “the Company”), a leading provider of fiber optic, communication, and access control infrastructure solutions serving municipal, commercial, utility, and university customers across the Southeast.

For nearly two decades, PCT has built a reputation as a trusted, one-stop provider of fiber optic cabling, directional drilling, aerial installation, splicing, conduit systems, low-voltage, access control, and utility support services. The Company self-performs the full range of its work using a modern fleet of bucket trucks, directional drills, and specialized tooling, and has cultivated long-standing relationships with a wide range of municipalities and enterprise clients across the region, many spanning over a decade.

The partnership positions PCT to accelerate its next phase of growth. With strong industry tailwinds, including data center expansion, statewide fiber infrastructure buildouts, pharmaceutical development, and continued municipal growth across the Southeast, the opportunity ahead for the Company is substantial. Evolution’s investment will support expanded sales and operational leadership resources, deeper utilization of existing contracts, and continued investment in people and equipment, all aimed at helping PCT capture the full scope of opportunities its clients need.

“This partnership gives us the resources and strategic support to take PCT to the next level while staying true to what has made us successful: our people, our customers, and our commitment to quality,” said Gordon Drumwright, President of PCT. “We are excited for what comes next.”

Drumwright and the seasoned PCT leadership team will remain with the Company and retain meaningful ownership going forward, ensuring continuity for employees and customers alike.

“PCT has spent nearly twenty years building the kind of reputation and customer trust that cannot be shortcut, and that foundation is exactly what makes this partnership so exciting,” said Stenning Schueppert, Managing Partner at Evolution Strategy Partners. “We look forward to supporting the team as they pursue the significant growth opportunity ahead, from data center demand to pharmaceutical development to expanding infrastructure needs across the Southeast.”

About Performance Cabling Technologies

Performance Cabling Technologies is a full-service provider of fiber optic, communication, and access control infrastructure solutions, serving municipal, commercial, utility, and university customers throughout the Southeast. For nearly two decades, PCT has delivered fiber optic cabling, directional drilling, aerial installation, splicing, conduit systems, and a full range of maintenance services, self-performing all phases of its work with a modern fleet and a safety-focused, experienced workforce. PCT’s breadth of capability and long-standing customer relationships have made it a trusted, single-source partner for infrastructure projects across the region. For more information on Performance Cabling Technologies, please visit www.pct-nc.com.

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Stenning and the Evolution team believes in culture and has respected how I decide to run the business and manage our people from Day One. While they have assisted in growing our professional team, Evolution has always considered Allied to have a strong leadership team who should continue to drive success in the business.

— Leonard Meredith
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Stenning and the Evolution team believes in culture and has respected how I decide to run the business and manage our people from Day One. While they have assisted in growing our professional team, Evolution has always considered Allied to have a strong leadership team who should continue to drive success in the business.

— Leonard Meredith
CEO, ALLIED UNDERGROUND