Buyout firm Energy Capital Partners (ECP) is set to re-acquire nuclear services provider EnergySolutions from TriArtisan Capital Advisors, in a deal valued at around $2bn, according to a report by Bloomberg.
The transaction returns the Salt Lake City-based company to ECP ownership four years after it sold a majority stake.
ECP views the move as timely, aligning with what it sees as the early stages of a nuclear growth cycle. The firm is targeting nuclear services and infrastructure – such as decommissioning, waste management, and plant upgrades – rather than new reactor builds, which involve higher costs and longer timelines. Drew Brown, a partner at ECP, highlighted the role of nuclear energy in providing reliable, low-carbon baseload power amid rising demand from AI, data centres, and electrification.
EnergySolutions, which serves both commercial and government clients across the nuclear fuel lifecycle, has strengthened its platform under TriArtisan ownership. The deal was advised by Morgan Stanley and RBC Capital Markets.
This acquisition reflects ECP’s broader strategy of investing in energy transition and critical infrastructure, following a series of transactions including sales and acquisitions in power generation over the past two decades.
