Centrica Acquires ENSEK from LDC

Leidos Acquires ENTRUST Solutions Group for Approximately $2.4 Billion

January 27, 2026

Industrial Services

Leidos has agreed to acquire ENTRUST Solutions Group from Kohlberg in an all-cash deal valued at approximately $2.4 billion. The transaction expands Leidos’ energy infrastructure capabilities and footprint in utility engineering, including grid modernization and natural gas infrastructure services.

I Squared Capital Acquires Majority Stake in ENTEK Technology Holdings to Reshore U.S. Battery Separator Manufacturing

September 17, 2025

Energy

I Squared Capital has signed a definitive agreement to acquire a majority equity interest in ENTEK Technology Holdings LLC (ENTEK) for an $800 million investment. The capital will fund construction of a wet-process lithium-ion battery separator gigafactory in Terre Haute, Indiana, supported by a U.S. Department of Energy ATVM loan of up to $1.3 billion and targeted tax credits.

ESG Acquires CUBS to Expand into Denmark

April 29, 2025

Cloud & SaaS

ESG, a global energy SaaS provider, has acquired CUBS, a Danish provider of cloud-based billing solutions for utilities and electric mobility providers. The deal expands ESG's presence into Denmark and brings CUBS' market-leading billing platform (used by ~30% of Danish electricity retailers) into ESG's global energy software portfolio.

Qualus Corporation Acquires Enkompass Power and Energy Corporation

February 7, 2024

Energy

Qualus Corporation, a pure‑play power services firm, has acquired Enkompass Power and Energy Corporation, an Ontario‑based electrical engineering and technical services firm. The deal expands Qualus’ geographic footprint into Canada and broadens its service offerings across studies, power systems engineering, retrofit, commissioning, and specialized field services.

Generac Acquires Enbala Power Networks

October 5, 2020

Energy

Generac Holdings Inc. has signed an agreement to acquire Enbala Power Networks, a Denver-based distributed energy resources (DER) optimization and control software provider. The acquisition adds Enbala’s Concerto DERMS/VPP platform to Generac’s portfolio to accelerate its Smart Grid and grid services capabilities; terms were not disclosed and the deal is expected to close within 30 days.

ENSEK Acquires Benelux Consultancy NrgFin

August 5, 2020

Cloud & SaaS

ENSEK, the LDC-backed UK SaaS provider for energy suppliers, has acquired NrgFin, a Benelux-based consultancy and data analytics firm, marking ENSEK's first continental European acquisition. The deal expands ENSEK's capabilities with energy-focused analytics and finance solutions and establishes ENSEK's presence in Belgium and the Netherlands; NrgFin's founders retain a large minority stake and will remain in senior roles.