ENGIE Acquires Conti Corp. in Effort to ‘Lead the Zero-Carbon Transition in the Energy Industry’

(Image courtesy of Conti Solar.)

ENGIE North America Inc. has announced that it will acquire Conti Corporation and its affiliates Indicon Corporation, Ion Electric, LLC and McGilvray Mechanical, LLC.

Conti, Ion, and McGilvray provide construction services that include 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. Indicon is a nationally recognized industrial controls integrator, with complete design, engineering and control panel fabrication capabilities.

Franck Bruel, Executive Vice President of ENGIE, supervising the UK, Latin America, and North America Business Units, said the acquisition will expand “our shared potential to implement leading-edge, comprehensive solutions that will lead the zero-carbon transition in the energy industry.”

Conti, Indicon, Ion and McGilvray will join the ENGIE Services North America team within ENGIE North America, overseeing Energy Services, Contracting and Facility Management businesses. ENGIE Services North America has managed the acquisition of several recent energy contractor firms since fall of 2017, including the former Talen Energy Group, Unity International Group, Donnelly Mechanical Corporation, and Systecon Inc.

Financial details of the agreement were not disclosed. The transaction is subject to the satisfaction of certain closing conditions, including receiving approval from the Federal Trade Commission. The anticipated closing is expected in early July 2019.