TSG Group Acquires MB El-Services ApS (MBES) in Denmark

TSG Group Acquires DRB UK Maintenance Limited

November 5, 2021

Electrical Services

TSG Group (through its UK operations) has acquired DRB UK Maintenance Limited, a Glasgow-based specialist in EV charger installation, electrical and signage installation, maintenance, and hazardous area testing. The acquisition adds c.40 engineers and technicians to TSG's UK capabilities and strengthens its sustainable electrical and EV charging services across the United Kingdom.

TSG (TSG Ibérica) Acquires HEMAG S.A.

June 24, 2022

Engineering Services

TSG, the European technical-services group for responsible mobility, has acquired Madrid-based electrical services and engineering firm HEMAG S.A. The deal brings HEMAG's ~160 engineers and technicians and €13m turnover into TSG's Iberian electrical division to accelerate EV charging and electrical infrastructure capabilities in Spain.

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.

TSG Group Acquires Ecosun Expert, Electricité Reiter & Grethen and Gevitec

March 11, 2025

Energy

TSG Group has completed three bolt-on acquisitions — Ecosun Expert S.A.S. (France), Electricité Reiter & Grethen S.A. (Luxembourg) and Gevitec BV (Belgium) — to strengthen its capabilities in photovoltaic energy, electric mobility and energy infrastructure across Europe. The deals expand TSG’s technical services footprint and deepen its turnkey solar and electrical installation expertise as part of an accelerated roll-up strategy supported by its investor HLD.

TÜV SÜD Acquires Sustainable Investment Group (SIG) and Green Building Education Services (GBES)

May 2, 2024

Environmental Services

TÜV SÜD has acquired Sustainable Investment Group, LLC (SIG) and Green Building Education Systems, LLC (GBES), two Atlanta-based firms that provide sustainable building consulting and LEED/WELL training. The acquisition expands TÜV SÜD’s sustainability services and training capabilities while strengthening its presence in the U.S. real estate market.

BDC Capital and Investor Group Back Kroon Electric to Form BCES Global; Platform Acquires Three U.S. Electrical Contractors

June 13, 2024

Electrical Services

BDC Capital’s Growth Equity Partners Fund II and an investor group led by George Fechter provided significant growth capital to Kroon Electric Corp., enabling the creation of Canada‑headquartered BCES Global. Concurrent with the investment, BCES Global (with Kroon management) acquired three U.S. electrical services businesses—Bopat Electric Co., Transworld, Inc., and Sabino Electric—to establish a North American consolidation platform focused on recurring preventive electrical maintenance and decarbonization‑related services.