ITG, Inc./DE/ ITG

ITG, Inc. is a preferred provider of mission critical services to the digital and other utility infrastructure industries throughout the United States. The company delivers technology-enabled, end-to-end services supporting the planning, design, construction, operation, maintenance and expansion of broadband networks that are critical infrastructure essential to modern life and economic activity. ITG, Inc. operates through a national footprint with a workforce exceeding 10,000, including approximately 2,900 full-time employees and 7,400 subcontractors as of December 31, 2025, supporting its presence across 49 states and more than 240 field locations.

ITG, Inc. generates revenue primarily through its two complementary service lines: Engineering & Maintenance and Infrastructure Deployment. The company completes more than 8,000 average daily work orders across its national footprint, reflecting the scale and operational efficiency of its platform. Revenue is derived from long-term contractual agreements such as master service agreements (MSAs), which accounted for approximately 92% of revenue in 2025, with a historical renewal rate of approximately 100%. ITG, Inc.'s proprietary FUSE360 technology platform enhances visibility into operational and performance metrics and provides a digital training, safety and operational platform for its skilled workforce.

The company operates through the following segments: Engineering & Maintenance and Infrastructure Deployment.

• Engineering & Maintenance: This segment provides re-occurring, mission-critical services required by network owners to operate, maintain, optimize and expand their infrastructure. Select services include planning, design, engineering, site acquisition and permitting to optimize and upgrade existing broadband networks and develop new routes, drop-and-bury placement and installation of fiber cables and supporting infrastructure from main distribution lines to the end-user’s home or business, installation, upgrades and troubleshooting service calls at residential and commercial locations, and normal-course coaxial and fiber replacements, pole moves and upgrades, line extensions, utility asset locating services, and planned and emergency repair work. The FUSE360 technology platform is integral to this segment, providing real-time visibility into project and work order status, workforce and fleet utilization, and financial performance. Engineering & Maintenance represented approximately 59% of revenue for 2025.
• Infrastructure Deployment: This segment provides large-scale network and fiber construction services for incumbent carriers, overbuilders, and data center operators and underground civil construction services for public and private utilities. Select services include aerial and underground builds, directional boring and trenching, conduit installation and wiring services, and fiber backhaul. Infrastructure Deployment expands the installed base of network infrastructure and typically leads to long-duration E&M-related services, creating a complementary lifecycle revenue flywheel with a multi-decade tail of re-occurring revenue, with approximately 90% incremental revenue “pull-through” over the lifecycle of deployed networks. The FUSE360 platform supports this segment by enabling concurrent data-driven decision-making and seamless communication between management, subcontractors, field staff, and customers. Infrastructure Deployment represented approximately 41% of revenue for 2025.

ITG, Inc. operates in the highly fragmented digital and other utility infrastructure services industry, where few providers have national scale and competition spans both large multinational firms and regional specialists focused on select geographies and service offerings. The company believes its differentiated capabilities position it to capitalize on growing demand, as reflected in its growth and margins relative to both large, scaled providers and smaller regional competitors. Key competitors include Dycom Industries, Inc., MasTec, Inc., Primoris Services Corporation and Quanta Services, Inc. ITG, Inc.'s competitive advantages stem from its tailored end-to-end services offering, comprehensive national footprint with deep local market expertise, longstanding relationships with blue-chip repeat clients, focus on re-occurring Engineering and Maintenance services with strong backlog visibility, purpose-built FUSE360 operational software, exceptional operational execution and service quality, leading management team comprised of industry veterans, and proven targeted acquisition strategy and integration capability.

ITG, Inc. maintains long-standing relationships with a diverse customer base that includes broadband service providers, fiber providers, wireless carriers, data center operators, and public and private utilities. The company has consistently ranked at the top of customer performance scorecards, achieving the #1 national ranking in customer satisfaction with Comcast in 2024, 2025, and year-to-date 2026 based on average national provider net promoter scores. ITG, Inc.'s work is typically performed under long-term contractual agreements such as MSAs, which accounted for approximately 92% of revenue in 2025, and the company believes it is often the exclusive outsourced services provider for each customer’s network in many of its markets.