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Consello Capital unveils second deal; Blackstone, OceanSound and Sentinel go big on engineering firms

August 8, 2024
PE Hub

Consello Capital has announced its second deal, marking a significant move in the private equity sector's focus on engineering firms. This development is part of a broader trend where major private equity players like Blackstone, OceanSound Partners, and Sentinel Capital Partners are making substantial investments in engineering and design companies.

Blackstone Energy Transition Partners has recently invested in Westwood Professional Services, an engineering and design firm. This investment aligns with Blackstone's strategy to support companies that contribute to energy transition and sustainability.

Meanwhile, Sentinel Capital Partners and OceanSound Partners have facilitated a merger between TranSystems and Gannett Fleming. This merger aims to create a more robust entity capable of delivering comprehensive engineering solutions across various sectors.

These moves highlight the growing interest of private equity firms in the engineering sector, driven by the increasing demand for infrastructure development and sustainable solutions. The trend underscores the strategic importance of engineering firms in addressing global challenges such as energy transition and infrastructure modernization.

In other related news, Brightstar Capital has acquired Best Choice Roofing, further indicating the private equity sector's diverse investment interests within the broader engineering and construction landscape.

These strategic investments and mergers reflect the private equity industry's confidence in the long-term growth potential of engineering firms. The focus on engineering is expected to continue as firms seek to capitalize on the sector's critical role in driving innovation and addressing global infrastructure needs.

Tags
Companies
Keywords
Private Equity
Engineering
Financial Services
Industry
industrials
Type
deal news
Strategy
large cap
Geography
usa

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