Engie North America is to acquire US renewables contractor Conti Corporation for an undisclosed price.
The deal includes Conti affiliates Indicon Corporation, Ion Electric and McGilvray Mechanical, which all provide construction services such as designing, building, fabrication, installation, training and maintenance.
The companies provide services in various sectors, including renewable energy, electrical, technology, mechanical, fire suppression, HVAC+R and transportation, serving a range of commercial and industrial markets.
The companies will join the Engie Services North America team overseeing energy services, contracting and facility management businesses.
The transaction is subject to the satisfaction of certain closing conditions, including receiving approval from the Federal Trade Commission.
Closing is expected in early July.
Conti chief executive and president Paul Duhaime said: “Our team has built a leading energy services organisation across the US and Canada since 1969.
“Over the past 50 years, we have organically grown the business through strong customer relationships and excellent customer service, while increasing our industry expertise in a range of capabilities – including everything from traditional construction services to becoming a national leader in renewable energy installation.
“We believe the business is well-positioned for future growth under Engie.”
Engie executive vice president, supervising the UK, Latin America, and North America business units Franck Bruel said: “We are excited to welcome the more than 2000 new colleagues from the Conti teams to Engie as they will be a great addition to our portfolio of businesses and skillsets.
“Together, we will be able to enlarge the range of services we offer and to both broaden and deepen our geographic reach in North America.
“Equally, we look forward to welcoming the customers of Conti, Ion, McGilvray and Indicon to our group of valued clients in North America with whom we have more than 55,000 projects, expanding our shared potential to implement leading-edge, comprehensive solutions that will lead the zero-carbon transition in the energy industry.”