EN Engineering Completes the Acquisition of Eta Engineering Consultants
(firmenpresse) - CHICAGO, IL -- (Marketwired) -- 06/19/13 -- EN Engineering (ENE), a portfolio company of CIVC Partners (CIVC), is pleased to announce the successful acquisition of Eta Engineering Consultants (EEC).
ENE is a leading energy-focused professional services firm providing engineering, consulting, automation, and integrity management services to the natural gas, liquid petroleum and related industrial markets. ENE is unique in its ability to provide a full suite of distribution, transmission, automation, and integrity management services, which facilitates deep customer relationships and significant cross-selling opportunities. The company delivers its services through approximately 500 full-time employees. ENE is headquartered near Chicago in Warrenville, Illinois, with additional offices in Baltimore, Denver, and Kansas City.
EEC is a multi-disciplined engineering firm focused on providing industrial, process safety management, automation and manufacturing, and power and instrumentation system services nationwide. EEC serves a wide range of end-markets, including the petroleum, chemical, coal, and natural gas markets. The company delivers its services through over 100 full-time employees. EEC is headquartered near Catlettsburg, Kentucky, with additional offices in Cincinnati and Pittsburgh.
EEC represents a highly complementary acquisition that enables ENE to augment its customer base, gain exposure to new end markets, and expand its geographic reach. Tom Ziegenfuss, CEO of ENE, said that "we are excited about the partnership at EEC and believe that the combination of the two organizations will result in attractive growth opportunities going forward. Joining with EEC's talented base of professionals will enable ENE to immediately offer a deeper and broader array of engineering services." With the addition of EEC, ENE has combined revenue of approximately $85 million and over 600 employees in seven locations nationwide. As part of the transaction, EEC's existing management team will remain in place and continue to maintain the existing customer relationships as well as drive growth with new customers. EEC will operate as a distinct operating unit within the broader ENE organization.
ENE continues to look for best-in-class engineering services companies that would expand its geographic footprint and service capabilities. If you have an opportunity that might be an add-on acquisition candidate for ENE, please contact John Compall (312-873-7315, ) or Chris Perry (312-873-7330, ).
CIVC Partners is a Chicago-based private equity firm established in 1970 that provides growth and buyout capital to middle-market companies and executives with a focus on the business services and financial services sectors. The current management team, which has worked together since 1989, has completed 54 platform transactions and dozens of add-on acquisitions. CIVC manages over $1.2 billion in private equity capital and currently invests from CIVC Partners Fund IV. More information on CIVC Partners and its portfolio companies can be found at .
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Datum: 19.06.2013 - 11:15 Uhr
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News-ID 271152
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