Jeco Energies Acquires Applitech BV

NPM Capital Acquires Minority Stake in Jeco Energies

September 25, 2024

Energy

NPM Capital has agreed to acquire a significant minority interest in Belgian industrial energy solutions provider Jeco Energies to accelerate growth through strategic acquisitions and international expansion. The investment will provide capital, buy-and-build expertise and support Jeco's expansion of its rental fleet and international footprint while founder Jef van den Brande remains the majority shareholder.

Jeco Energies (NPM-backed) Acquires Trafohuis (LV Trading) in the Netherlands

April 10, 2025

Energy

Jeco Energies, a portfolio company supported by NPM Capital, has acquired Trafohuis – LV Trading, a Bergambacht-based supplier of transformer stations and medium-voltage installations. The deal expands Jeco Energies' Dutch presence, adds ~250 annual station deliveries and maintenance capabilities (over 1,000 managed stations), and strengthens its service and rental offering.

Zeeco Acquires Japan-Based Applicot Corporation

January 13, 2026

Industrial Services

Zeeco, Inc. completed the acquisition of Japan-based Applicot Corporation on January 13, 2026, bringing the long-time licensee fully into Zeeco’s operations as a wholly owned subsidiary. The deal strengthens Zeeco’s footprint in Japan and expands localized support and capabilities for EPC customers by combining Applicot’s local presence in flare and combustion systems with Zeeco’s global manufacturing and environmental solutions.

Veolia Acquires Icetec to Expand Digital and Distributed Energy Business in North America

July 18, 2025

Energy

Veolia has completed the acquisition of Icetec, a Boothwyn, Pennsylvania–based digital and distributed energy management company with more than 20 years of experience. The tuck-in expands Veolia's North American energy service offerings and adds Icetec's SaaS optimization capabilities to Veolia's Hubgrade digital platform as part of its GreenUp strategy.

Technip Energies Acquires Ecovyst's Advanced Materials & Catalysts Business

January 3, 2026

Manufacturing

Technip Energies has completed the acquisition of Ecovyst’s Advanced Materials & Catalysts (AM&C) segment in a transaction reported around $556 million, bringing approximately 330 AM&C employees into Technip. Ecovyst expects net proceeds of about $530 million (using $465 million to pay down term debt), while Technip said the deal expands its catalysts and advanced materials capabilities to support sustainable fuels, circular chemistry and carbon-capture applications.

Intrepid Makes Strategic Investment in ECOTEC International Holdings

February 3, 2022

Energy

Funds managed by Intrepid Investment Management (the investing arm of Intrepid Financial Partners) have made a strategic growth investment in ECOTEC International Holdings, LLC to accelerate production and the roll-out of its methane emissions instrumentation and emissions data software. The capital and Intrepid's energy-sector expertise will support ECOTEC's expansion into oil and gas while meeting strong demand in the biogas and natural gas markets.