Kohlberg & Company has agreed to acquire Warrenville, Illinois-based EN Engineering, a utility services firm. The seller was General Atlantic. No financial terms were disclosed.
Warrenville, IL (July 18, 2019) – EN Engineering (or the “Company”), a leading utility services firm, and Kohlberg & Company, LLC (“Kohlberg”), 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.
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 LLP served as legal counsel to Kohlberg. Houlihan Lokey served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to EN Engineering.
About EN Engineering
EN Engineering provides comprehensive design, engineering, consulting, and automation services to utilities, pipeline companies, and industrial customers. With first-hand experience operating and maintaining utility infrastructure, the Company’s engineering professionals provide expertise in pipeline engineering, integrity services, automation integration, electrical design, industrial solutions, and process safety management. For more information visit: www.enengineering.com
About Kohlberg & Company, LLC
Kohlberg & Company, LLC (“Kohlberg”) is a leading private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has organized eight private equity funds, through which it has raised over $7.5 billion of committed equity capital. Over its 32-year history, Kohlberg has completed 79 platform investments and nearly 200 add-on acquisitions, with an aggregate transaction value of over $20 billion. For more information visit: www.kohlberg.com.
About General Atlantic
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide. General Atlantic has more than 150 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. For more information on General Atlantic, please visit the website: www.generalatlantic.com