Private equity firm Energy Capital Partners (ECP) has reached an agreement to re-acquire nuclear services provider EnergySolutions. The firm will purchase EnergySolutions from its current owner, TriArtisan Capital Advisors LLC. This move marks ECP’s return to ownership of the company.
The Acquisition Agreement
The transaction values EnergySolutions at approximately $2 billion. This agreement was confirmed through a statement provided to Bloomberg News. ECP, a prominent buyout firm, previously held ownership of EnergySolutions. This new deal signifies their renewed investment in the nuclear services sector.
Parties Involved
TriArtisan Capital Advisors LLC currently owns EnergySolutions. They will serve as the seller in this significant transaction. Energy Capital Partners will complete the acquisition, integrating EnergySolutions back into its portfolio. Both firms are key players in their respective financial and industrial sectors.
Transaction Valuation Details
A source familiar with the deal disclosed the valuation figure of approximately $2 billion. This individual requested anonymity, citing the private nature of the discussions surrounding the acquisition. The valuation reflects the company’s standing within the specialized nuclear industry.
Industry Focus
EnergySolutions offers various critical services to the nuclear sector. These services include nuclear waste management and decommissioning. ECP’s re-acquisition highlights the continued demand for specialized expertise in handling nuclear materials and facilities. The firm recognizes the strategic importance of such services.
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