CHICAGO, IL--(Marketwired - Feb 5, 2014) - EN Engineering (ENE), a portfolio company of CIVC Partners (CIVC), is pleased to announce the successful acquisition of Russell Corrosion Consultants (RCC).
ENE is a leading energy-focused professional services firm providing engineering, consulting, automation, and integrity management services to the natural gas, liquid petroleum, electric, and related industrial markets. ENE is unique in its ability to provide a full suite of distribution, transmission, automation, and integrity management services, which facilitates deep customer relationships and significant cross-selling opportunities. ENE is headquartered near Chicago in Warrenville, Illinois, with additional offices in Baltimore, Denver, Kansas City, Los Angeles, Catlettsburg (KY), Pittsburgh, and Cincinnati.
RCC, headquartered in Columbia, MD, is the leading corrosion control engineering and consulting firm in the United States, focused on providing corrosion evaluations, corrosion control and cathodic protection design services, structural assessments, and data systems management, among other services. RCC provides its services throughout the United States to the water & wastewater, oil & gas, transit, solar & wind, and government sectors. Many of RCC's employees are active members of industry associations and have been recognized by the National Association of Corrosion Engineers for outstanding contributions to the field of corrosion engineering. RCC and its talented employees are regularly called upon to work with the nation's top water, energy, and utility firms to solve their most complex corrosion issues.
RCC represents a highly complementary acquisition that enhances ENE's existing corrosion control and integrity management services and provides further end-market, customer, and geographic diversification. Tom Ziegenfuss, CEO of ENE, said that "RCC is a great complement to ENE's existing service offerings and adds additional talent to our highly skilled base of employees. We look forward to continuing to deliver best-in-class corrosion engineering services to our clients across several end-markets." With the addition of RCC, ENE has combined revenue of approximately $90 million and nearly 630 employees in nine locations nationwide. As part of the transaction, Rick Grant, RCC's current Principal, along with the rest of the management team will remain in place and continue to manage current customer relationships as well as drive growth with new customers. Additionally, Rick Grant will become a shareholder of ENE as a result of this acquisition.
ENE continues to look for best-in-class engineering services companies that would expand its geographic footprint and service capabilities. If you have an opportunity that might be an add-on acquisition candidate for ENE, please contact John Compall (312-873-7315, jcompall@civc.com) or Chris Perry (312-873-7330, cperry@civc.com).
About CIVC Partners, LP
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 completed 54 platform transactions and dozens of add-on acquisitions. CIVC manages approximately $800 million in private equity capital and currently invests from CIVC Partners Fund IV. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.