DENVER, CO (September 17, 2014) – Energy Systems Group (ESG), a leading energy services provider and subsidiary of Vectren Corporation (NYSE: VVC), has acquired the federal sector energy services unit of Chevron Energy Solutions. FMI Capital Advisors served as the exclusive financial advisor to Chevron Energy Solutions in the transaction.
The Federal Business Unit of Chevron Energy Solutions employs experienced professionals, performs under several long-term operations and maintenance contracts, and has a robust construction project sales funnel. Included in the transaction are several Indefinite Delivery / Indefinite Quality contracts with federal government entities, including Energy Savings Performance Contracts with the U.S. Department of Energy and the U.S. Army Corps of Engineers. Also included are long-term operation, maintenance and repair contracts with multiple Department of Defense installations.
Energy Systems Group (ESG), a wholly-owned subsidiary of Vectren Corporation (NYSE: VVC), is a leading energy services provider that specializes in energy efficiency, sustainability, and infrastructure improvement solutions in the government, education, healthcare, commercial, and industrial sectors. ESG also offers a full range of sustainable infrastructure solutions including waste-to-energy, distributed generation, and renewable energy.
About FMI Capital Advisors
FMI Capital Advisors is a leading Investment Bank serving the E&C and infrastructure industry. Our unique industry focus, serving a broad range of industry sub-sectors, enables us to provide our clients with valuable insight and advice. With over 600 completed transactions, FMI combines advisory expertise with industry-focused knowledge and relationships in order to achieve value for clients.
FMI Capital Advisor’s Energy Services and Cleantech Group provides M&A and capital formation services for emerging growth and middle market companies in the energy services and cleantech industry, including those focused on:
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