Ultegra

What Ultegra does

Ultegra is an Australian utility and infrastructure services specialist that designs, constructs, and maintains electrical transmission and distribution assets for Distribution Network Service Providers (DNSPs), government infrastructure projects, and private developers. Founded in 2003 (originally as UEA Electrical Pty Ltd, rebranded to Ultegra in late 2018) and headquartered in Kirrawee, NSW with a secondary office in Campbelltown, the company holds A Grade Level 1, 2 and 3 Accredited Service Provider (ASP) status with Ausgrid, Endeavour Energy, and Essential Energy, with 15+ years of continuous accreditation. Its core offerings span Engineering and Design (Level 1–3 design, transmission and distribution network engineering, protection and control systems), Construction (substations, transmission lines, underground cables, street lighting, civil works), Engineering Procurement and Construction (EPC) delivered through the UHJV joint venture with Haslin Constructions, Asset Maintenance and Renewal programs (bulk streetlight replacement, overhead conductor programs, service main replacement), and emerging Energy Storage Systems and EV Charging Infrastructure service lines. The proprietary technology underpinning delivery is an Integrated Management System certified to ISO 9001, ISO 14001, and ISO 45001, combined with an in-house field inspection application and customized data management platform integrated with client systems for real-time work progress reporting.

The business model is project-based, with revenue earned primarily through tenders and quotations on a lump-sum or professional services basis, with multi-year contractual arrangements for large-scale DNSP maintenance programs. GTM is enterprise field sales — registered on Tenderlink, Bidcontender, EstimateOne, and Ariba, with direct engagement of asset owners, government entities, and large private customers via a dedicated tenders inbox and direct phone/email channels. Ultegra operates with a lean core team of approximately 26 employees, supplemented by its own fleet of plant and equipment and a partner ecosystem (UHJV with Haslin Constructions; XOLTA/Sensata for energy storage; subcontracted trades for surge mobilization). Named enterprise customers include Endeavour Energy, Ausgrid, Essential Energy, Ausnet Services, LLBJV (NorthConnex), QUBE Logistics, Penske, and Billbergia, with the top three NSW DNSPs representing the dominant recurring revenue base.

The legal entity is Road & Rail Excavations Pty Ltd (ACN 603 564 978), a privately held Australian proprietary limited company with no disclosed institutional investors or PE/VC ownership; the company appears to be founder/management owned. Operational highlights include the UHJV contract valued up to $500 million over seven years with Endeavour Energy, replacement of 151,000 streetlight lamps and 100,000+ km of conductor for Essential Energy, completion of Westconnex Stage 1A utility relocation ahead of time and on budget, and emergency mobilization of 31 tradespersons within 24 hours for Ausnet Services' Yarra Valley storm response.

Name

Ultegra

Legal name

Road & Rail Excavations Pty Ltd

Website

https://ultegra.com.au

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Utility Engineering & Infrastructure Construction Services

NAICS

Engineering Services (54133), Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Overhead Transmission Line EPC (HV/EHV) (EUAEABAA)

akta.pro secondary industries

T&D project/program management & owner’s engineering (EPCM/PMC) (EUADAKAF), Commercial & Industrial (C&I) BESS EPC & Integration (EUAEAEAB)

Keywords

• Utility engineering services
• Power infrastructure construction
• Asset maintenance programs
• Substation design services
• Energy storage distribution

Headquarters

HQ city

Eastern Creek, NSW

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Construction Services: Major revenue stream from construction services including utility asset relocations, substations, transmission lines, underground cables, street lighting, and civil works. Revenue is project-based, earned through lump-sum contracts on major infrastructure projects.
2. Engineering and Design Services: Engineering design services for transmission lines, feeders, substations primary and secondary, protection and control systems. Billed as professional services, typically as part of EPC contracts or standalone design engagements.
3. Asset Maintenance and Renewal Programs: Large-scale program delivery for utility maintenance including streetlight maintenance, service mains replacement, overhead augmentation. Typically multi-year contractual arrangements with DNSPs.
4. EPC (Engineering Procurement Construction): Full project delivery from design through construction and commissioning, eliminating client exposure to managing multiple suppliers. Often delivered through joint ventures like UHJV for large-scale civil, building and electrical infrastructure.
5. Energy Storage Systems Distribution: Exclusive distributor of XOLTA battery energy storage systems in Australia. Revenue from distribution and installation of battery systems ranging from 79kWh to 2MWh for C&I, microgrids and grid support solutions.
6. EV Charging Infrastructure: End-to-end solution for design and installation of electric vehicle charging requirements including site assessments, feasibility reports, high voltage infrastructure design and installation, ongoing maintenance and warranty work.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Ultegra provides specialist utility and infrastructure engineering, construction, and asset maintenance services to DNSPs, government infrastructure owners, developers, and private HV network operators in Australia. Core offerings include engineering and design (Level 1-3 ASP), construction, EPC delivery (via the UHJV joint venture), large-scale asset maintenance and renewal programs, EV charging infrastructure installation, and exclusive distribution of XOLTA battery energy storage systems. Revenue is generated primarily through project-based, lump-sum tenders and EPC contracts.

Product overview

Ultegra is a utility and infrastructure services company offering a portfolio of specialist services for asset owners, government, and private customers. The core offerings include Energy Storage Systems (XOLTA battery systems), Electric Vehicle Charging Infrastructure, Asset Maintenance and Renewal programs, Engineering and Design, Construction, and Engineering Procurement and Construction (EPC) delivered through a joint venture with Haslin Constructions. The services are delivered across multiple markets including utilities, roads and rail infrastructure, and residential/commercial/industrial development. Ultegra operates as an Accredited Service Provider (ASP) for NSW distribution networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Engineering and Design
• Construction
• Engineering, Procurement and Construction (EPC)
• Asset Maintenance and Renewal
• Electric Vehicle Charging Infrastructure
• Energy Storage Systems
• Stand Alone Power Systems (SAPS)

Quantifiable outcome

• UHJV contract awarded for up to $500m of network upgrades over seven years (Endeavour Energy)
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Haslin ConstructionscoreStrategic or Co-development PartnerUltegra has established a joint venture (UHJV - Ultegra Haslin Joint Venture) with Haslin Constructions, combining civil and mechanical engineering/building capability of Haslin with Ultegra's utility and infrastructure expertise. This structure enables delivery of major infrastructure projects with one point of contact. UHJV has been awarded contracts worth up to $500m over seven years from Endeavour Energy.
• XOLTAcoreTechnology or IntegrationUltegra partnered with XOLTA and Sensata Technologies to create a local hub for energy storage solutions in Australia. Ultegra is the exclusive distributor of XOLTA battery energy storage systems in Australia. XOLTA's BAT-79 batteries are built as 79kWh building blocks scalable from 79kWh to 2MWh, ideal for C&I, Microgrids and Grid Support solutions.

Scale indicators15 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Lendlease Engineering: Engineering and infrastructure arm of Lendlease with significant utility asset relocation experience on Australian road and rail projects. Direct competitor on large JV-led infrastructure programs.
• CPB Contractors (CIMIC Group): Major Australian EPC contractor delivering large-scale rail, road and utility infrastructure projects. Competes for the same Tier-1 road and tunnel utility relocation work Ultegra delivers (e.g., Westconnex, Northconnex).
• Downer EDI: Large ASX-listed infrastructure services group with a substantial Utilities business delivering transmission, distribution, substation and renewable energy projects across Australia and NZ. Overlaps directly with Ultegra's core T&D EPC work but at much larger scale.

Direct peers

• Zinfra: Australian utility infrastructure services provider delivering design, construction and maintenance for electricity, gas and renewables networks. Closest direct peer given its similar DNSP customer base and end-to-end transmission/distribution service model.
• Service Stream: ASX-listed infrastructure services company providing design, construction, operations and maintenance for utilities, telecommunications and transport networks across Australia. Comparable DNSP and road/rail infrastructure customer overlap.
• Haslin Constructions: Civil and building contractor that is Ultegra's JV partner in UHJV. Similar NSW-based civil infrastructure delivery capability and shared customer base with Ultegra on Endeavour Energy and major infrastructure projects.
• Electrix: Specialist electrical infrastructure contractor delivering overhead line, underground and substation construction for DNSPs in Australia and New Zealand. Highly comparable scope and customer profile to Ultegra.

Emerging players

• Genex Power / BESS EPC contractors: Australian renewable and battery storage developer that overlaps with Ultegra's emerging BESS distribution and integration business. Relevant peer for tracking competitive positioning in C&I and grid-scale storage EPC.

Others

• Veolia Australia (utility services arm): Broader infrastructure and environmental services group with utility-adjacent capabilities in Australia. Included as an adjacent infrastructure services peer given its scale and procurement activity in the Australian market.

Regional players

• Enerven (SA Power Networks subsidiary): South Australia-based utility infrastructure construction and maintenance provider serving SA Power Networks. Comparable DNSP services model but operating in a different Australian state than Ultegra.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ultegra-group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ultegra