Excel Services Acquires IEPSON Consulting; Pelican Energy Partners Provides Equity to Back Growth

Fusion Capital Partners Acquires Excel Engineering, Inc.

January 6, 2026

Industrial Services

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.

Pelican Energy Partners Acquires Electrical Builders Industries

August 9, 2024

Industrial Services

Pelican Energy Partners, a Houston-based private equity firm, has acquired Electrical Builders Industries (EBI), a St. Cloud, Minnesota-based industrial electrical and welding services provider that specializes in bus duct installation, replacement and repair for power generation facilities. The deal positions Pelican to expand its capabilities in the nuclear energy services supply chain and support increased baseload power needs for customers including datacenter facilities.

EIS Holdings (O2 Investment Partners) Invests in Simpson Environmental Services

February 17, 2020

Environmental Services

EIS Holdings, a portfolio company of O2 Investment Partners, announced an investment in Florida-based Simpson Environmental Services. The deal brings Simpson into the EIS platform as an add-on, enhancing EIS’s presence in the Southeast and expanding its environmental remediation and abatement capabilities.

Pelican Energy Partners Acquires United Services Group

March 10, 2025

Energy

Houston-based private equity firm Pelican Energy Partners has acquired United Services Group, a Charlotte-based full-service welding, machining, and fabrication contractor serving utilities and power generators. The deal expands Pelican's portfolio in the energy services sector and will support USG's continued growth across nuclear, fossil, natural gas, solar, and petrochemical markets.

Sileo Capital Affiliate Revive Holdings Acquires Excel Utility Contractors

July 15, 2021

Construction

An affiliate of Sileo Capital, Revive Holdings, acquired Excel Utility Contractors in partnership with Brightwood Capital Advisors and Mizzen Capital. Excel, headquartered in Villa Ridge, Missouri, is a provider of project management, construction, installation and maintenance services for telecommunications, water/wastewater and power customers; terms were not disclosed.

Consulting Solutions Acquires Empyrean Services and The Empyrean Group

May 18, 2022

Energy

Consulting Solutions, a portfolio company of White Wolf Capital, has acquired Empyrean Services and The Empyrean Group, two Pittsburgh-based providers of engineering and consulting services to the nuclear and non-nuclear power-generation industries. Empyrean will operate as a standalone division within Consulting Solutions to expand the platform's energy-focused engineering and workforce solutions capabilities.