# USIC

USIC is an Asset Manager based in Indianapolis, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Indianapolis, United States
- **Region:** North America
- **Address:** Indianapolis, IN, United States
- **Founded:** 1978
- **Assets under management:** Undisclosed
- **Website:** usicllc.com
- **LinkedIn:** https://www.linkedin.com/company/united-states-infrastructure-corp--inc--usic

## Regulatory record

- **Reports private funds:** No

## About

USIC provides underground utility damage prevention and infrastructure services to utilities and municipalities in the United States. The company specializes in locating and marking utility lines to prevent damage and disruptions. USIC serves telecommunications, electric, gas, water, sewer utilities, and municipalities across the country, founded in 2008 and based in Indianapolis, Indiana.

## Sectors

- Infrastructure
- Energy Transition & Renewables

## Questions

### Who controls USIC and how did the recent ownership change happen?

OMERS Infrastructure, the infrastructure arm of the Ontario Municipal Employees Retirement System, acquired a controlling stake in USIC in November 2023. The firm was previously owned by Partners Group, which had taken it private in 2017. USIC's management team retained a significant minority position in the transaction, ensuring operational continuity.

### What drives USIC's revenue model, and how recurring is it?

USIC earns on a per-locate basis under multi-year contracts with utility and telecom operators. The demand is legally mandated — every U.S. state has a 'call before you dig' law requiring underground lines to be marked before excavation. This regulatory requirement plus ongoing fiber-to-the-home investment creates a highly recurring, non-discretionary revenue stream.

### How does USIC source its proprietary deal flow or contracts?

USIC competes for service contracts through state-level utility programs and directly with large network operators. Its national scale — over 10,000 technicians across all 50 states — lets it offer single-contract, consolidated service that regional competitors cannot. Many contracts renew through RFP processes where incumbency and safety metrics carry significant weight.

### Is USIC exposed to the build-versus-buy cycles that affect telecom capex?

While fiber deployment accelerates locate volumes, USIC's baseline business is maintaining existing underground infrastructure, not just building new lines. Gas and electric distribution locate requests are stable year-to-year, creating a floor of demand independent of new capex cycles. The firm's direct exposure is more to excavation and construction activity broadly than to any single operator's budget.

## Related profiles

- [US Bancorp](https://altss.com/profile/us-bancorp-de)
- [Utilis Capital Advisors](https://altss.com/profile/utilis-capital-advisors)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/usic

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology