Energy Systems Group merges with California company
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Energy Systems Group, a sustainable infrastructure and energy services company headquartered in Newburgh, has merged with California-based PacificWest Energy Solutions, the company announced Tuesday. Financial terms of the deal are not being disclosed.
PacificWest is a provider of energy and infrastructure solutions, including facility modernization, energy-efficiency upgrades, renewable generation and energy storage.
The companies said in a news release that the merger will further enhance their broad range of service offerings and expand each other’s national footprint into new markets.
“We are excited about the possibilities this partnership will bring to our clients and employees,” Energy Systems Group President Steve Craig said in a news release. “Together, we will be able to offer a comprehensive suite of services, drive innovation, and deliver even greater value to our clients while making a positive difference in communities nationwide.”
A spokesperson for Energy Systems Group said in an email to Inside INdiana Business that each company will continue to serve customers under their current brand name for the coming months, with plans to integrate under one banner in the future.
The spokesperson declined to say how many employees each company has, but noted that no jobs are negatively impacted by the deal.
“In fact, this merger will likely offer new opportunities for all employees,” the spokesperson said.
The merger comes less than a year after Energy Systems Group was acquired by Oaktree Capital Management LP, a global investment management firm headquartered in Los Angeles, California.