Argos Utilities Buys Contracting Enterprises

Argos Utilities Corp., a Bethesda, Md.-based provider of transmission and distribution services to utility customers, has completed its acquisition of Contracting Enterprises Inc., a Roanoke, Va.-based provider of utility construction services to electric and gas utilities in < ?XML:NAMESPACE PREFIX = ST1 />Virginia, West Virginia and Tennessee. Cadent Energy Partners provided equity to support the acquisition, while a senior note facility came from Orix Leveraged Finance.