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MidOcean Partners Acquires SI Solutions to Bolster Critical Infrastructure Services
Slice of Finance Team
20 Aug
Key Highlights:
MidOcean Partners acquires SI Solutions, a leader in engineering and critical infrastructure services.
SI Solutions to continue under the leadership of CEO Mark Marano.
Acquisition strengthens MidOcean's portfolio in the power and critical infrastructure sectors.
Source (Business Wire)
Notable Quotes:
“SI is a proven industry leader with a stellar track record of serving the power and critical infrastructure markets and delivering superior engineering and specialty services to its clients.”
“We believe the combination of SI’s expertise and longstanding client relationships with MidOcean’s utility and infrastructure services experience will position the Company for continued growth and success.”
“This partnership with MidOcean is the next step in the evolution of the SI Solutions platform, and I’m excited about the future of the company.”
Our Take:
The acquisition of SI Solutions by MidOcean Partners is a strategic move that enhances MidOcean's footprint in the critical infrastructure sector, particularly within the U.S. power markets. By retaining SI’s seasoned leadership and aligning with MidOcean's expertise in utility and infrastructure services, this partnership is well-positioned for significant growth. The reinvestment by SI’s management and prior investor Jumana Capital underscores confidence in the long-term potential of this collaboration, making it a noteworthy development in the industry.