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One Equity Partners Acquires EthosEnergy to Strengthen Global Industrial Services
Slice of Energy Team
September 03, 2024
Key Highlights:
One Equity Partners acquires EthosEnergy, a leading global service provider for rotating equipment.
EthosEnergy specializes in MRO, O&M, and Aerospace & Defense MRO across power generation, energy, and industrial sectors.
The acquisition leverages OEP's deep industrial expertise to support EthosEnergy's growth in critical markets.
Source (Business Wire)
Notable Quotes:
“EthosEnergy is uniquely positioned to meet the growing maintenance needs of an aging turbine fleet. As energy demand rises, these turbines are being pushed beyond their initial design parameters, creating significant opportunities for EthosEnergy’s flexible, cost-effective services."
"As we seek to enhance and grow our operations, we are pleased to have OEP backing us as a partner. OEP’s longstanding and deep industrial sector expertise will support EthosEnergy as we serve growing needs in a critical industry.”
Our Take:
The acquisition of EthosEnergy by One Equity Partners is a strategic move that aligns with the increasing demand for reliable, efficient maintenance solutions in the power generation and industrial sectors. OEP's deep industrial sector expertise and EthosEnergy's specialized service offerings create a powerful synergy, positioning EthosEnergy to capitalize on emerging trends such as the electrification of industrial functions and the rising demand for dispatchable gas power. This partnership is poised to address the critical needs of a growing and evolving market, ensuring long-term success and value creation for all stakeholders involved.