EN Engineering, a leading utility services firm, and Kohlberg & Company, a private equity firm headquartered in New York, today announced that they have signed a definitive agreement whereby Kohlberg will acquire a majority stake in EN Engineering from General Atlantic.
Image: EN Engineering provides design, engineering, and consulting services to gas and electric utilities. Photo: Courtesy of rawpixel from Pixabay.
Headquartered in Warrenville, Illinois, EN Engineering provides comprehensive design, engineering, and consulting services to gas and electric utilities as well as other energy and industrial end-markets. With over 1,500 professionals in 30 offices nationwide, EN Engineering offers customers an unparalleled spectrum of services with expertise in gas distribution, electric power generation and distribution, natural gas and oil pipeline infrastructure, automation systems, integrity management, and industrial and refinery solutions.
“The EN Engineering team is highly enthusiastic to partner with Kohlberg for our next phase of growth,” said Steve Knowles, Chief Executive Officer of EN Engineering. “Kohlberg’s track record of success working with utility services companies will provide us with meaningful support as we look to expand our footprint and enhance our ability to meet customers’ needs.”
“We are delighted to partner with Steve and his team. EN Engineering has established itself as a premier utility services platform and, paired with Kohlberg’s infrastructure services background, we believe the Company is well-positioned to drive accelerated growth,” said Benjamin Mao, Partner of Kohlberg.
“We are pleased that our partnership with Steve and the team at EN Engineering has helped the Company accelerate its growth trajectory and execution of its long-term strategic plan,” commented Peter Munzig, Managing Director at General Atlantic. “We look forward to the continued growth and success of EN Engineering in partnership with Kohlberg.”
Ropes & Gray served as legal counsel to Kohlberg. Houlihan Lokey served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison served as legal counsel to EN Engineering.
Source: Company Press Release.