Prior Investment-FUND II
Acquisition date: March 31, 2009
Disposition date: April 30, 2012
Provider of professional engineering and consulting services to the natural gas and liquid petroleum pipeline industries
EN Engineering, LLC ("ENE") provides a full breadth of engineering services including project management, material procurement, construction management, and pipeline operation consulting services primarily for oil and gas transmission companies and gas distribution utilities. Typical projects include support for ongoing maintenance and replacement driven by regulations, public improvement projects, design and construction of long-distance pipelines and related infrastructure, pipeline integrity, corrosion control, metallurgy and related consulting services.
ENE was founded in 2002 as a 50/50 joint venture between Nicor Energy Ventures Company, a subsidiary of Nicor, Inc., and A. Epstein and Sons International, Inc. Clearview joined with management to acquire the business from its owners who did not maintain an ongoing stake in the company.
The transaction closed on March 31, 2009 and was the fifth platform acquisition made by Clearview Capital Fund II, LP. Senior debt was provided by Harris Bank and mezzanine financing was provided by Brookside Capital Partners.
Clearview sold ENE to CIVC Partners on April 30, 2012.
Add-on Acquisitions Completed:
Wheatland Systems, Inc.
Specializes in automation systems development and integration for the oil and gas, power generation, water and food processing industries