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Infrastructure  | 
Del Monte Capital Recaps DLG Infrastructure in Third Platform Deal

Del Monte Capital Recaps DLG Infrastructure in Third Platform Deal

Del Monte Capital has completed a majority recapitalization of DLG Infrastructure Services, advancing its platform investment strategy while backing a founder-led business in a critical infrastructure niche. 

Houston-based DLG, founded in 2020 by Chris Scott-Ford and Danny Glover, specializes in maintenance, repair and rehabilitation of water-related infrastructure. The transaction represents Del Monte Capital’s third platform investment, signaling continued momentum in its lower middle-market strategy. 

As part of the deal, Scott-Ford, president of DLG Infrastructure Services, increased his ownership stake and will continue to lead day-to-day operations. The company also appointed Chad Cross as chief financial officer to support its next phase of growth. 

“As part of this process, I talked to a lot of private equity firms before choosing a partner, and they all said the right things. What set DMC apart was that they actually meant it,” said Scott-Ford. “They understood our business, respected what we had built, and made it clear from day one that my role and our culture weren’t up for negotiation. This is exactly the go-forward partnership I was looking for.” 

Troutman Pepper Locke served as legal counsel to Del Monte Capital. Amegy Bank provided senior financing, while Gilbert & Pardue Transaction Advisors acted as sell-side advisor to DLG. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.