Founded in Vernal, Utah in 1964, Uintah Engineering & Land Surveying (UELS) originally provided land survey and engineering services to energy companies in the Intermountain West.
In 2007, Ridgeview, in partnership with another firm and key members of UELS management, acquired the company. One year later, UELS acquired a land survey company in the energy industry with a presence in the Dakotas. From 2008 through 2011, UELS expanded to additional energy-rich regions throughout the western and mid-western United States, opening six new offices and recruiting senior management to manage the company’s rapid expansion and resulting revenue growth.
UELS managed through the “Great Recession,” and the significant challenges that all energy services companies faced at the time. By 2011, UELS had grown into one of the country’s largest providers of land surveying, civil engineering, civil drafting, and GIS services for the oil, gas, energy, and pipeline markets.
Ridgeview and its investment partners sold UELS to Moelis Capital Partners, realizing an equity return in 2014 of more than four times the initial equity capital investment. Today, UELS is owned by Norwest Equity Partners, a firm that continues to execute the growth strategy that Ridgeview put into place in 2007.
“Every investor is a good partner when things are going well. Ridgeview and I went through the Great Recession together. It was a very challenging time for our company. However, no matter what challenges or opportunities we faced, they were always a supportive and additive partner that honorably worked for the interest of the shareholders, employees and management.”
– Robert Kay