Center market non-public fairness agency One Fairness Companions LLC (OEP) mentioned in a media launch it has accomplished its acquisition of EthosEnergy, with the monetary phrases nonetheless undisclosed.
EthosEnergy is an unbiased service supplier specializing in rotating gear for patrons within the energy technology, vitality, industrial, aerospace, and protection markets.
OEP mentioned EthosEnergy was fashioned in 2014 as a three way partnership between John Wooden Group PLC and Siemens Power AG, every of whom contributed their non-OEM rotating gear enterprise strains and mental property.
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EthosEnergy presents aftermarket upkeep, restore, and overhaul (MRO) providers, together with outsourced operations and upkeep to purchasers in energy technology and industrial sectors that use industrial fuel generators and different advanced equipment. The corporate consists of three divisions: Optimized Options, Operations and Upkeep, and Aerospace & Protection MRO.
“EthosEnergy is uniquely positioned to fulfill the rising upkeep wants of an growing older turbine fleet”, mentioned Ante Kusurin, Associate at One Fairness Companions. “We’re excited to companion with a powerful administration workforce and proficient staff to assist speed up the corporate’s progress in a market experiencing sturdy secular tailwinds”.
OEP mentioned the fuel energy market is rising resulting from an growth in rising markets, the rising adoption of electrical autos, the electrification of heating and industrial processes, rising knowledge middle vitality wants, and the increasing function of dispatchable fuel energy in stabilizing grids with rising intermittent renewable capability.
“As we search to boost and develop our operations, we imagine One Fairness Companions is the fitting companion for us as we enter our subsequent part of progress”, Ana Amicarella, CEO of EthosEnergy, mentioned. “OEP’s long-standing, deep industrial sector experience will assist EthosEnergy as we serve rising wants in a essential business”.
To contact the creator, e mail andreson.n.paul@gmail.com
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