DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Critical Engineering Group to Enercon Services, Inc. The acquisition closed June 10, 2020 and details were not disclosed.
Critical Engineering Group (CEG), headquartered in Lafayette, California, provides a full scope of project management and engineering services for data centers and mission critical communications centers, including architectural, electrical engineering, mechanical engineering, structural and civil engineering and construction support.
Headquartered in Kennesaw, Georgia, with a total of 22 locations in the U.S. and one in Abu Dhabi, UAE, Enercon Services, Inc. (ENERCON) is a multi-disciplinary engineering and environmental firm focused on empowering their people and partnering with their clients to support the safe and efficient production, delivery and use of energy. They invest in emerging technologies and foster a sense of innovation within their teams so that they may bring powerful solutions to their clients and add value to their businesses.
The CEG team will join ENERCON’s Critical Infrastructure division out of Oakland, California, led by ENERCON Vice President, Chris Stammen and Western Division Director, Richard Clubb. They will be supported by CEG Principals James R. Rowland and James Underwood.
“The acquisition is a positive step towards our strategic growth and diversification. CEG’s proven success in data and communication center projects will enhance our existing engineering services and extend our footprint in this dynamic market,” said Robert H. Bryan, President of ENERCON.
“We are proud to bring on board the innovative team from CEG. They have an outstanding reputation in the industry and will bolster ENERCON as we continue to provide high-quality solutions for our clients,” added Bryan.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team lead by Managing Director Mergers & Acquisitions, James Hermann, with support from Managing Director Mergers & Acquisition, Mike Meredith, successfully closed the deal. Executive Managing Director Thomas Braun established the initial relationship with CEG.
“It was a complex transaction that took some time to conclude, but it ultimately lead to a positive result for all parties involved,” said Hermann.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.