Evolution Strategy Partners backs Performance Cabling Technologies

Evolution Strategy Partners has formed a strategic partnership with Performance Cabling Technologies, a Southeast fiber optic and infrastructure contractor serving municipal, commercial, utility and university customers. The deal is aimed at funding growth tied to data center demand, fiber buildouts and other infrastructure expansion across the region.

Why it matters: - The partnership gives Performance Cabling Technologies new capital and support to expand in a Southeast market with rising demand for fiber, access control and utility infrastructure. - The deal is designed to help the company capture work tied to data centers, statewide fiber buildouts, pharmaceutical development and municipal growth. - The transaction also keeps PCT leadership in place, which should help preserve customer relationships and operational continuity.

What happened: - Evolution Strategy Partners announced a strategic partnership with Performance Cabling Technologies on September 8, 2026. - Evolution is a lower middle market private equity firm focused on founder-owned businesses in growth stages. - Performance Cabling Technologies provides fiber optic, communication and access control infrastructure solutions across the Southeast. - PCT serves municipal, commercial, utility and university customers.

The details: - PCT has operated for nearly two decades. - The company offers fiber optic cabling, directional drilling, aerial installation, splicing, conduit systems, low-voltage work, access control and utility support services. - PCT self-performs its work with a fleet of bucket trucks, directional drills and specialized tooling. - The company has built long-standing relationships with municipalities and enterprise clients, with many spanning more than a decade. - Evolution's investment will support expanded sales and operational leadership resources. - The partnership also will fund deeper use of existing contracts and continued investment in people and equipment. - Gordon Drumwright, president of PCT, said the partnership gives the company resources and strategic support to grow while staying true to its focus on people, customers and quality. - Drumwright and the existing leadership team will remain with the company and retain meaningful ownership. - Stenning Schueppert, managing partner at Evolution Strategy Partners, said PCT's reputation and customer trust create a strong base for growth. - Evolution said the firm targets industrial and commercial service businesses with revenue under $75 million. - Evolution said it has invested more than $175 million in the last five years.

Between the lines: - The deal fits a broader private equity playbook of backing niche infrastructure contractors with recurring demand and sticky local relationships. - PCT's self-performing model may be attractive because it gives the company more control over scheduling, quality and margins than a subcontract-heavy model. - The Southeast's mix of data center growth and public infrastructure spending creates multiple demand drivers for the same set of services.

What's next: - Evolution and PCT plan to expand sales coverage, strengthen operations and invest further in equipment and personnel. - PCT is expected to push deeper into contracts already in hand while pursuing new work tied to infrastructure expansion. - The company will continue operating with its existing leadership team and ownership participation.

The bottom line: - Evolution Strategy Partners is betting that PCT's long customer history, self-perform model and Southeast infrastructure tailwinds can support the next stage of growth.

More information: Evolution Strategy Partners - More information: Performance Cabling Technologies - Company on LinkedIn: Evolution Strategy Partners