Houlihan Lokey is pleased to announce that EN Engineering, a leading utility services firm, and Kohlberg & Company (Kohlberg) have announced that Kohlberg has acquired a majority stake in EN Engineering from General Atlantic and CIVC Partners.
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 more than 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.
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.
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 invested $1.7 billion in 65 platform investments and more than 100 add-on acquisitions.
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.
Houlihan Lokey served as financial advisor to EN Engineering, General Atlantic, and CIVC Partners.
This transaction highlights Houlihan Lokey’s preeminent position and continued success advising clients in the utility services sector. Houlihan Lokey has worked with EN Engineering since 2011 and has advised the company on numerous transactions during that time. This recent sale is another example of Houlihan Lokey’s dedication and long-term approach to client partnerships.