Diligence memo · auto-generated · as of July 2, 2026
Utility Associates, Inc.
Utility Associates, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Utility Associates, Inc. operates in Energy, based in DECATUR.
Sub-sector tags: energy.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Utility Associates, Inc. has raised $11M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $6.6M on 2017-05-22.
Most recent recorded round closed around 2018-06-04.
Valuation (modeled)modeled
Provath models Utility Associates, Inc. at approximately $51M (range $6.2M–$276M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.96× the median modeled value of Series A Energy companies in 2016–2018 (5 peers) — value vs value, same stage and era. Within the normal band (96% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 8.1 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 86% of Energy peers (69 compared).
Modeled value ranks above 83% of those peers.
Closest niche peers: Dicom Grid Inc, MineralSoft, Inc., Health Grid Holding Co, BlueLine Grid, Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.