M&A Deal Summary

Oaktree Capital Management Acquires Enercon

On February 8, 2023, asset manager Oaktree Capital Management acquired engineering company Enercon from AE Industrial Partners

Acquisition Highlights
  • This is Oaktree Capital Management’s 1st transaction in the Engineering sector.
  • This is Oaktree Capital Management’s 66th transaction in the United States.
  • This is Oaktree Capital Management’s 4th transaction in Georgia.

M&A Deal Summary

Date 2023-02-08
Target Enercon
Sector Engineering
Buyer(s) Oaktree Capital Management
Sellers(s) AE Industrial Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Enercon

Kennesaw, Georgia, United States
Enercon is an engineering and environmental services firm that supports the safe and efficient production, delivery, and use of energy. Enercon was founded in 1983 and is based in Kennesaw, Georgia.

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Buyer(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 101 of 108
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 19 of 21
State (Georgia) 4 of 4
Country (United States) 66 of 71
Year (2023) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Sani/Ikos Group

Halkidiki, Greece

Sani/Ikos Group is an operator of a luxury beach resort group that currently owns and operates in excess of 2,700 rooms spread across 10 unique resorts in Greece and Spain. Sani/Ikos Group is based in Halkidiki, Greece.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 E360S

Aurora, Ontario, Canada

E360S is an environmental management company providing solutions to municipalities and Industrial, Commercial, and Institutional customers. With operations across ten Canadian cities in Ontario, Alberta, and British Columbia, E360S was founded in 2018 and is based in Aurora, Ontario.

Sell -

Seller(S) 1

SELLER

AE Industrial Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.2B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 14 of 19
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Georgia) 1 of 1
Country (United States) 14 of 19
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 REDLattice

Chantilly, Virginia, United States

REDLattice is a mission-focused provider of full-spectrum cyber capabilities and technology solutions for customers in the U.S. national security, defense, and commercial communities. The company has helped its customers deliver mission success by rapidly designing, developing, and implementing cutting-edge applications and engineering solutions for some of their most complex challenges. Its subject matter experts in vulnerability research (VR), reverse engineering (RE), tool development, malware analysis, and advanced operational capabilities help to develop the next generation of cyber tools and solutions to the battlespace. REDLattice was founded in 2012 and is based in Chantilly, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Yingling Aviation

Wichita, Kansas, United States

Yingling Aviation is a provider of maintenance, repair and overhaul (MRO) and fixed-base operator (FBO) services to business aviation and government customers. Yingling Aviation was founded in 1946 and is based in Wichita, Kansas.

Buy -