Qualus Corp., an influence companies supplier, has acquired Mississippi-based ASSET Engineering. Qualus stated in a media launch ASSET is robust in renewable era improvement, battery vitality storage techniques, microgrids, and distributed vitality sources that assist information facilities and different crucial infrastructure amenities. The corporate stated that ASSET’s experience in these rising sectors enhances Qualus’ current choices.
This acquisition expands Qualus’ capabilities for utilities, builders, and industrial purchasers throughout the U.S. ASSET brings a full suite of companies, together with consulting, planning, design, and challenge administration, which aligns with Qualus’ portfolio, the latter stated.
“The mix of ASSET and Qualus is a pure match on plenty of ranges, together with extremely suitable cultures and a shared imaginative and prescient for the longer term”, stated Hisham Mahmoud, Chairman and CEO of Qualus. “The strategic alignment is compelling, permitting us to broaden our consumer base and geographic footprint, and provide our individuals extra development alternatives”.
EFCG served because the monetary advisor to Qualus on the transaction, and Matheson Monetary Advisors served because the monetary advisor to ASSET.
That is the second acquisition for Qualus in 2024 because it beforehand acquired Enkompass Energy and Vitality Corp., a Canadian electrical engineering and technical companies agency, marking its enlargement into the Canadian market.
Enkompass’ advisory, research, energy techniques engineering, retrofit, commissioning, and specialised area companies are complementary to Qualus’ service choices, the corporate stated.
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