Ricardo plc Acquires Inside Infrastructure

Proteus Enterprises and Gladstone Investment Acquire Ricardo Defense from Ricardo plc

December 13, 2024

Aerospace & Defense

Proteus Enterprises, together with Gladstone Investment Corporation, acquired Ricardo Defense, Inc., an engineering services and systems integration firm headquartered in Troy, Michigan. The transaction is a divestiture by Ricardo plc; Gladstone provided equity and senior secured debt while Proteus will operate and scale the defense-focused business. Financial terms were not disclosed.

RINA Acquires Patrick Engineering

January 23, 2023

Engineering Services

RINA has acquired 100% of Patrick Engineering Ltd., a Chicago-based engineering consultancy active in infrastructure, transport and renewable energy. The deal brings approximately $82 million of annual revenue and 340 employees into RINA Consulting and expands RINA's footprint and capabilities in the US infrastructure market.

Rivean Capital Acquires Intero Integrity Services from First Reserve

June 25, 2024

Industrial Services

Rivean Capital has entered into a definitive agreement to acquire Intero Integrity Services from First Reserve. The transaction will support Intero's international growth (particularly in North America), accelerate technology development and expand its integrity, environmental and industrial services for critical infrastructure; completion is subject to regulatory approvals.

Partners Group Acquires Resilient Infrastructure Group

February 22, 2021

Infrastructure

Partners Group has acquired Resilient Infrastructure Group, a Portland-based water infrastructure platform that develops, finances and operates distributed water and wastewater facilities across the US and Canada. Financial terms were not disclosed; Partners Group said it will work with Resilient’s management to expand the platform through development projects, acquisitions and strategic partnerships, and noted Resilient has closed an investment in a wastewater-to-renewable natural gas project at Threemile Canyon Farms in Oregon.

Waterland Private Equity Acquires Majority Stake in INCOSA

January 17, 2025

Industrial Services

Waterland Private Equity has agreed to acquire a majority stake in INCOSA, a Spain-based engineering consulting firm, in a deal that will see INCOSA's existing shareholders and management retain a significant stake. The investment will support INCOSA's service expansion, capability enhancement and footprint growth across energy, infrastructure, building and environmental management markets.

Accenture Acquires IQT Group

December 18, 2024

Infrastructure

Accenture has agreed to acquire IQT Group, an Italy-based provider of engineering managed services for large infrastructure and net-zero projects. The acquisition brings IQT's more than 450 consultants and engineers into Accenture's infrastructure and capital projects practice to strengthen capabilities for electricity, water and telecom infrastructure, energy efficiency and net-zero program delivery in Italy and Europe.