Arlington Capital Partners has acquired nuclear engineering specialist Enercon Services from Oaktree Capital Management, in a deal that will sees Enercon combined with Arlington’s existing engineering portfolio company Pond & Company.
The merged platform, which will operate under the Enercon brand, will employ more than 2,700 professionals and be headquartered in the Atlanta metropolitan area.
Arlington reported invested approximately $1.25bn in equity to support the acquisition, though financial terms and valuation details have not been officially disclosed by the parties involved.
Enercon provides specialist nuclear engineering, compliance, and licensing services across the US, with exposure to the vast majority of the country’s operating nuclear power facilities. The business supports both commercial operators and federal customers, placing it at the centre of regulated energy infrastructure.
The acquisition comes as nuclear power experiences renewed momentum, driven by rising electricity demand from data centres and artificial intelligence infrastructure. Industry participants increasingly view nuclear, including both traditional large-scale plants and emerging small modular reactor technologies, as a key long-term energy source for power-intensive computing.
Arlington said the investment aligns with its focus on regulated, mission-critical sectors with stable long-term demand profiles. The firm indicated that further acquisitions may follow as it builds out a broader integrated engineering and energy services platform.
Executives involved in the deal highlighted the expectation of continued expansion across both conventional nuclear infrastructure and next-generation reactor development, supported by increasing policy attention and bipartisan political backing for nuclear energy in the US.
The acquisition follows Arlington’s earlier purchase of Pond & Company and forms part of a broader consolidation strategy within technical engineering and government-adjacent services markets. Management has indicated that additional bolt-on acquisitions are being evaluated to strengthen the combined platform.
Arlington Capital Partners was advised by Houlihan Lokey and Gibson Dunn & Crutcher, while Enercon and Oaktree were advised by Harris Williams and Kirkland & Ellis.
