Oaktree Acquires Stake in Enercon Services from AE Industrial Partners

AE Industrial Partners Acquires Enercon Services Inc.

February 10, 2021

Industrial Services

AE Industrial Partners, LP has acquired Enercon Services Inc., a multi-disciplinary engineering and environmental services firm focused on energy and industrial markets. The acquisition, which will serve as a platform investment for AEI Fund II, positions Enercon for growth and expansion into new markets and services; terms were not disclosed.

Enercon Services Acquires Ardent Environmental Group

July 12, 2022

Environmental Services

Enercon Services, a portfolio company of AE Industrial Partners, has acquired Ardent Environmental Group, an environmental consulting firm based in Corona, California. The add-on expands ENERCON's Environmental Services Group capabilities—adding Phase I/II site assessments, remediation and monitoring services—and increases its footprint in the Western United States.

Oaktree Partners with Electro Switch Corp.

September 10, 2025

Manufacturing

Funds managed by Oaktree Capital Management have partnered with Electro Switch Corp., a Weymouth, Massachusetts-based manufacturer of engineered switches and relays. The investment will provide resources to support Electro Switch’s strategic growth initiatives and long-term expansion into power, utility, data center, defense and industrial end markets; terms were not disclosed.

Oaktree Funds Acquire Electro-Mechanical LLC from Graycliff Partners

March 1, 2024

Manufacturing

Funds managed by Oaktree Capital Management, L.P. have acquired Electro-Mechanical LLC from Graycliff Partners LP. Graycliff had partnered with the family-owned business in 2021 and helped expand EMC's footprint and capabilities; Oaktree will back the company's next phase of growth in power distribution and power-quality equipment manufacturing and services.

ACON Investments Acquires Pine Environmental Services from Saw Mill Capital

January 7, 2020

Environmental Services

ACON Investments has acquired Pine Environmental Services, LLC, the largest independent provider of environmental test and measurement equipment solutions in North America, from Saw Mill Capital. Pine — based in Windsor, New Jersey with 38 locations across the U.S. and Canada — will retain significant management ownership alongside ACON; terms were not disclosed.

Energy Capital Partners Acquires Majority Interest in PROENERGY

September 5, 2024

Energy

Energy Capital Partners (ECP) has acquired a majority interest in PROENERGY Holdings, a vertically integrated aeroderivative gas turbine platform with a 2.4 GW fleet of contracted peakers and global turbine services. The transaction (terms not disclosed) transfers control from affiliates of Eos Partners and ACON Investments to ECP, which will support PROENERGY's platform expansion, growth initiatives, and continued operations under existing leadership.