H&MV Engineering Acquires Skanstec

Exponent Private Equity Acquires Majority Stake in H&MV Engineering

February 14, 2022

Industrial Services

Exponent Private Equity has agreed to acquire a majority stake in H&MV Engineering, a Co. Limerick-based specialist in high-voltage electrical engineering that serves data centre, renewables and utility clients across Ireland, the UK and EMEA. The investment will back management (who are reinvesting) and support international growth, expansion of design and delivery capabilities, and business development.

LGT Capital Partners and Hamilton Lane Take Minority Stakes in Exponent-backed H&MV Engineering

September 9, 2024

Energy

LGT Capital Partners and funds managed by Hamilton Lane have made minority investments in Exponent-backed H&MV Engineering, valuing the Irish high-voltage engineering specialist at €750 million. The growth-capital deal will support H&MV’s international expansion, capability development and continued growth across data centre, renewables and utilities end markets.

H&MV Engineering Acquires Cooke Power Services

January 9, 2026

Engineering Services

H&MV Engineering, a PE-backed high-voltage electrical engineering and construction firm, has acquired Cooke Power Services of Amarillo, Texas to accelerate its U.S. expansion. The acquisition strengthens H&MV’s local delivery in the Midwest and Southwest for data centre, renewables (BESS) and utility projects while retaining Cooke’s local leadership and workforce.

Jernbro Acquires Veltec

July 29, 2024

Industrial Services

Jernbro, a Sweden-based industrial maintenance and projects provider backed by Bluewater, has agreed to acquire Veltec to expand its capabilities and reach across Scandinavia. Veltec brings more than 50 years of experience and over 300 skilled staff in Norway and Denmark; the combined business will operate from 35+ locations and about 1,300 employees.

PHM Group (Norvestor-backed) Acquires Kotikatu Holding Oy

September 24, 2020

Real Estate

PHM Group, majority owned by a fund managed by Norvestor, has agreed to acquire Kotikatu Holding Oy, a leading residential property maintenance services provider in Finland. The transaction creates a larger Nordic residential property maintenance group with expanded presence across Finland and Sweden, accelerating PHM's Nordic expansion and consolidation strategy as a Norvestor-backed platform.

VSE Corporation Acquires Kellstrom Aerospace Group

December 3, 2024

Aerospace & Defense

VSE Corporation (NASDAQ: VSEC) has completed the acquisition of Kellstrom Aerospace Group, Inc., a portfolio company of AE Industrial Partners, expanding VSE Aviation's distribution and MRO capabilities in the commercial engine aftermarket. VSE said the deal was funded with cash (approximately $185 million) and 172,414 common shares (subject to working capital adjustments); AE Industrial Partners' announcement characterized the sale as $200 million.