AE Industrial Partners Acquires Enercon Services Inc.

Oaktree Acquires Stake in Enercon Services from AE Industrial Partners

February 8, 2023

Engineering Services

Funds managed by Oaktree Capital Management have made a significant investment in Enercon Services, Inc., partnering with management to support the company's growth and strategic plans. AE Industrial Partners sold its stake in Enercon as part of the transaction; 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.

Enercon Services Acquires Critical Engineering Group (CEG)

June 1, 2020

Engineering Services

Enercon Services, Inc. (ENERCON) has acquired Critical Engineering Group, Inc. (CEG), a Lafayette, California-based provider of engineering and project management services for data centers and mission-critical communications. The acquisition expands ENERCON's capabilities in data-center and mission-critical communications engineering and brings the CEG team into ENERCON's Critical Infrastructure division, enhancing the firm's technical offerings and regional footprint in the western United States.

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.

Aecon Utilities (Aecon) Acquires K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd.

January 6, 2026

Engineering Services

Aecon Group Inc.'s subsidiary Aecon Utilities Group Inc. has completed the acquisition of K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd. (collectively, KPC). The acquisition adds high-voltage testing, commissioning and energy metering capabilities in Ontario to Aecon's utilities platform, strengthening its position for grid modernization and electrification projects.

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.