Energy Initiatives Group, LLC (EIG) has been acquired by EN Engineering, a portfolio company of General Atlantic
EIG provides a comprehensive range of consultative services, including project management, engineering, systems analysis and planning, field services and specialty services to traditional utility companies, project developers, regulatory and government agencies, energy companies, financial organizations, and a wide range of other entities within the energy industry.
EIG was founded in 2000 and employs a growing team of more than 70 industry professionals.
EIG’s founders, John Marczewski and Charles “Chuck” Wilson, were interested in seeking a recapitalization of the business with the right partner who valued EIG’s deep team and had the ability to expand upon EIG’s established leadership in the energy sector.
G2 served as the exclusive financial advisor to EIG, responsible for running an efficient sale process. John Marczewski and Chuck Wilson explained, “We’re excited to join the EN Engineering team, and we are confident that our collective expertise and resources will lead to increased opportunities for growth and enable us to continue to be a leader in the energy industry. We appreciate the guidance of G2 throughout the process and helping us find a great partner in EN Engineering.”
The transaction was successfully executed through a sale to EN Engineering, a portfolio company of General Atlantic. EN Engineering provides comprehensive and dependable engineering, consulting, and automation services to utilities, pipeline companies, and industrial customers. The company operates in key energy and manufacturing regions across the United States. Ben Newman, Vice President, Corporate Development at EN Engineering agreed, “EN Engineering has long been a leader in the gas-related markets, and we have also developed a burgeoning electrical presence in recent years. As technical experts in electric power, EIG significantly expands our capabilities and adds new categories of highly valuable services for our clients.”
“We are pleased to be a part of such a successful outcome for the entire EIG team. Partnering with EN Engineering will allow both EIG and EN Engineering to better serve their longstanding customers as a true leader in the energy sector,” said G2 Managing Director, Matt Konkle.