TULSA, OK – Cherokee Nation Businesses (CNB) has announced its first material, direct investment in the utility and infrastructure services sector. The move reflects a strategic focus as the tribally owned company deploys capital into counter-cyclical, long-duration industries with durable demand.
CNB has partnered with Ariel Alternatives to invest in Front Line Power Construction, a Texas-based provider of electrical construction and power infrastructure services.
“We remain dedicated to fostering growth and a sustainable economic advantage for our tribe and its businesses,” said Chuck Garrett, CNB CEO. “This partnership reflects our continued commitment to responsibly stewarding the collective wealth of the Cherokee Nation through diversified, long-term investments that generate durable value.”
Front Line Power performs critical maintenance, repair, upgrade and construction services supporting the electric utility grid. As the region continues to modernize its energy infrastructure to meet rapid population growth, evolving consumption needs, and the impacts of extreme weather, the company’s technical expertise and regional presence position it as a key partner to utilities and industrial customers across the region.
Ariel Alternatives is led by investors in the B2B services space, with industry expertise in the energy and utility services sector. By investing alongside an infrastructure-focused partner, CNB enters the utility services sector while prioritizing downside protection, strong cash flow generation and long-term flexibility.
“As Texas and the Southwest region experience unprecedented demand for electrical infrastructure, we believe Front Line Power is well-positioned to help address today’s challenges,” said Yue Bonnet, Senior Managing Director and Head of Investments at Ariel Alternatives. “This partnership allows us to support a company with extensive capabilities in specialized power construction services.”
Cherokee Investment Management, a division of CNB, invests growth capital to serve the citizens of the Cherokee Nation through strategic acquisitions. It pursues an investment horizon set in perpetuity, generating returns that support future business growth, as well as healthcare, education, job creation and economic strength for Cherokee citizens.
