Qualus, an Orlando, FL-based power services firm, acquired ASSET Engineering, a Jackson, MS-based differentiated power engineering and consulting firm.
The amount of the deal was not disclosed.
With the acquisition, Qualus will expand its offerings.
Led by Neal Rich, Founder and CEO, ASSET Engineering is a power system engineering firm, serving utilities, electric cooperatives, industrial clients, and renewable and energy storage developers, with specialized design and project management services. These services include advisory, planning, studies, design, testing and commissioning, turnkey project management, and owner’s engineer services.
Led by Dr. Hisham Mahmoud, CEO, Qualus is a power services firm with differentiated capabilities across grid modernization, resiliency, security, and sustainability. It partners with utilities, commercial, industrial, and government clients, and renewable and energy storage developers, offering comprehensive solutions through boutique and integrated advisory, planning, engineering, digital solutions, program management, and specialized field services.
Qualus also provides software and technology enabled services and develops solutions for critical power industry challenges such as distributed and variable resource integration, emergency management, and secure data exchange. The firm has over 1,000 professionals, with offices throughout the U.S. and Canada.
FinSMEs
17/06/2024