M&A Deal Summary

One Equity Partners Acquires Ethos Energy

On August 28, 2024, private equity firm One Equity Partners acquired energy services and equipment company Ethos Energy from John Wood Group and Siemens

Acquisition Highlights
  • This is One Equity Partners’ 5th transaction in the Energy Services and Equipment sector.
  • This is One Equity Partners’ 77th transaction in the United States.
  • This is One Equity Partners’ 9th transaction in Texas.

M&A Deal Summary
Date 2024-08-28
Target Ethos Energy
Sector Energy Services and Equipment
Buyer(s) One Equity Partners
Sellers(s) John Wood Group
Siemens
Deal Type Divestiture

Target

Ethos Energy

Houston, Texas, United States
Ethos Energy is a company that specializes in providing rotating equipment services and solutions. Ethos Energy offerings include facility operations and maintenance, designing and manufacturing engineered components, and repairing and optimizing gas and steam turbines, generators, compressors, and transformers. Ethos Energy was founded in 2014 and is based in Houston, Texas.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.

DEAL STATS #
Overall 130 of 131
Sector (Energy Services and Equipment) 5 of 5
Type (Divestiture) 29 of 29
State (Texas) 9 of 9
Country (United States) 77 of 78
Year (2024) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 ORS Nasco

Tulsa, Oklahoma, United States

ORS Nasco is a wholesale distributor of industrial supplies in North America. The company offers a comprehensive product portfolio of premium branded and private label products from hundreds of manufacturers for use in the industrial, welding, oilfield, safety, electrical, construction, HVAC, MRO, plumbing, janitorial, and rental markets. ORS Nasco was founded in 1959 and is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-24 Yorktel

Wall, New Jersey, United States

YorkTel is an IT services firm specializing in managed services and enterprise collaboration solutions. The company supports a wide range of blue-chip enterprise customers and government agencies by delivering managed IT services, collaboration system integrations, and advanced AI-based monitoring solutions to elevate the hybrid work experience. Yorktel was founded in 1985 and is headquartered in Wall, New Jersey.

Buy -

Seller(S) 2

SELLER

John Wood Group

Aberdeen, United Kingdom
Category Company
Founded 1912
Sector Energy Services and Equipment
Employees35,319
Revenue 5.9B USD (2023)
DESCRIPTION

John Wood Group is a provider of engineering, production support, maintenance management, and industrial gas turbine overhaul & repair services to the oil & gas and power generation industries worldwide. Our services are all-encompassing, supporting the full lifecycle of oil & gas and power generation facilities. John Wood Group was founded in 1912 and is based in Aberdeen, Scotland.

DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 3 of 3
Type (Divestiture) 5 of 5
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 John Wood Group - Environment & Infrastructure business

Aberdeen, United Kingdom

John Wood Group's Environment & Infrastructure business provides engineering, remediation consulting, environmental permitting, inspection, monitoring, and environmental management services to government, industrial, infrastructure, oil and gas, power, water, and mining clients. John Wood Group's Environment & Infrastructure business is based in Aberdeen, United Kingdom.

Sell -
SELLER

Siemens

Munich, Germany
Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 77.8B EUR (2023)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.

DEAL STATS #
Overall 26 of 27
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 22 of 23
State (Texas) 2 of 2
Country (United States) 7 of 7
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Innomotics

Nuremberg, Germany

Innomotics is a supplier of electric motors and large-drive systems. The Company unites the power of deep engineering expertise and leading innovation in electrical solutions across industries and regions. Innomotics is headquartered in Nuremberg, Germany.

Sell €3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Altair

Troy, Michigan, United States

Altair is a global technology company that provides software and cloud solutions in the areas of product development, high-performance computing, and data analytics. Altair was founded in 1985 and is based in Troy, Michigan.

Buy $10.0B
Mergr

Product

Company

Legal